UK: Marks & Spencer tight-lipped on Australian entry
M&S declined to comment on reports it is looking to open its first stores in Australia
UK retailer Marks & Spencer has remained tight-lipped on reports it is looking to enter Australia with the opening of its first stores this year.
According to a report in The Sydney Morning Herald, the company has appointed two new directors of a previously dormant firm Marks & Spencer (Australia).
However, when contacted by just-style today (29 January), a spokesperson for M&S said: "We would never comment on rumour and speculation."
M&S operates over 770 stores in the UK, and more than 430 international stores across Europe, the Middle East and Asia.
If M&S is gearing up to enter the Australian market, it will face competition from Swedish fashion clothing retailer Hennes & Maurtiz (H&M), which last year revealed plans to open its first store in the country.
Earlier this month, M&S reported another decline in general merchandise sales, despite seeing early signs of improvement in its women's wear business.
Analysts have raised a question mark over how successful M&S's general merchandise strategy is, noting the pace of change for clothing needs to go "further and faster".
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