M&S faces continuing challenges in clothing
Marks & Spencer, the UK's largest clothing retailer, is shaking up its senior management team after booking a 5.1% drop in first quarter general merchandise sales. But the new executives will continue to face challenges as they attempt to turn around its clothing division.
Marks & Spencer, the UK's largest clothing retailer, is shaking up its senior management team after booking a 5.1% drop in first quarter general merchandise sales. Here Petah Marian looks at the challenges the new executives will face as they attempt to turn around its clothing division.
Like a vast, slow-moving and rather unwieldy tanker, battered and lashed by stormy seas, the UK's largest clothing retailer Marks & Spencer has done much over the past decade to try to steady its business.
Marks and Spencer's clothing business has come under increased scruitiny in recent months. However, looking through just-style's archives it becomes clear that its performance has been patchy for quite some time. Petah Marian looks at M&S's major milestones over the past five years.
Marks & Spencer today reported a 0.7% decline in first quarter sales for the three months ended 30 June. UK general merchandise recorded the steepest decline, with sales down 5.1% over the quarter. The company also said general merchandising executive director Kate Bostock is set to leave. Here is a flavour of what leading retail analysts are saying about the news.
Marks & Spencer today (10 July) confirmed that general merchandise executive director Kate Bostock will leave the company "by mutual consent" as first quarter general merchandise sales plunged.
Marks & Spencer has declined to comment on reports that Kate Bostock, its executive director of general merchandise, is set to leave the company.
Retailer Marks and Spencer has reportedly suffered a slowdown in clothing sales during the start of its new financial year.
Marks & Spencer CEO Marc Bolland moved to defend the retailer's clothing performance today (22 May) after full-year sales rose by just 0.2%.
- India's labour law reforms edge a step closer
- Alliance and Accord urged to harmonise efforts
- Retailers voice concerns on Scottish independence
- Improved supplier capabilities benefit Next
- THE FLANARANT: Understand win-win or lose out
- Under Armour "resonating strongly" with consumers
- H&M goes green with Conscious Denim
- Ultrasonic execs disappear along with company cash
- Adidas defends position despite investor unrest
- Trial cotton subsidy scheme underway in China
- Apparel Market in China to 2018 - Market Size, Trends, and Forecasts
- Wool in the 21st Century: new prospects for a familiar fibre
- Global market review of denim and jeanswear – forecasts to 2020
- Global Database of the Top 1000 Apparel Producers - Company Names, Financial Performance, Key Executives, and Contact Details
- Ethiopia - ISA Country Report