Blog: Good news, by George?
Leonie Barrie | 8 November 2005
Things are certainly looking up for Marks & Spencer again, bolstered in financial markets by today’s surprise announcement that it has persuaded ‘per una’ head George Davies to stay on at the company. With typical understatement, M&S said it was “pleased” that Davies will continue to run the popular per una line on a full time basis until the end of June 2006. Just last month, though, the talk was of Davies’ resignation after the two sides failed to agree on a contract extension – with M&S refusing to be held to ransom over Davies’ financial demands. So assuming M&S CEO Stuart Rose has managed to secure a compromise on the terms of the deal then he’s obviously achieved something of a coup by getting Davies to stay on.
But maybe it’s not quite as simple as this. It’s debatable whether Davies is really needed to continue to boost the fortunes of the per una range – which currently accounts for 20 per cent of all of Marks and Spencer women’s wear sales. Stuart Rose and Kate Bostock have been working hard to turn around the other women’s wear collections – which by default account for a whopping 80 per cent of sales – and judging by the positive feedback in consumer magazines the old M&S magic is starting to ring true again. The renewed focus on better styling and quality, coupled with action on price points, has started to pay off, and turning its own-label lines into a hit with the fashion conscious and the fashion press is surely where M&S ’s fortunes will ultimately lie.
If he wasn’t at M&S there’s no doubt that Davies would have found some way to go into competition with his former employer – and at this point in the retailers’ recovery that must be a worrying thought. So maybe it’s a case of “better the devil you know…”
Continuing our look at what lies ahead for the apparel industry and its supply chain in 2017, the panel of industry experts consulted by just-style last week tackled likely shifts in the sourcing land...
This week our focus turns to first thoughts from a panel of industry experts consulted by just-style on the challenges and opportunities likely to face the apparel supply chain in 2017, with prospects...
Welcome back after the holiday break, and from the team here at just-style I’d like to wish all our readers a happy and prosperous New Year....
Apparel sourcing is a complex process built on a mix of location, logistics, lead-time, price, compliance, risk and reliability. And it's in a constant state of flux as retailers, brands and manufactu...
- Outlook 2017 – What next for apparel sourcing?
- Outlook 2017 – What else is the industry watching?
- $1.7bn package to boost Pakistan clothing exports
- Outlook 2017 – Strategies for sourcing success
- Is China about to burst its apparel trade bubble?
- M&S quality focus finally lifts clothing sales
- MAS Holdings planning second industrial park
- Sri Lanka on track to regain EU GSP+ benefits
- 22 dos and dont's – When sourcing goes wrong
- Aéropostale to reopen 500 stores across the US
- Global apparel markets: product developments and innovations, October 2016
- Outdoor performance apparel 2016: A broader perspective
- Global market review of lingerie – forecasts to 2022
- Anti-odour clothing: fresh fashion for an active lifestyle
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar