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Tag: Marks & Spencer

Retail Asia14/12/2020
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Fashion

Marks & Spencer shuts store in Singapore

4min0
British retailer Marks & Spencer will be closing its outlet at Raffles City Shopping Centre on Dec 31, but its 10 other stores islandwide will remain open. In the advertisement, it said that there are discounts of up to 70 percent for its items. The closure on Dec 31 will bring to an end 34 […]
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Retail Asia02/05/2019
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Fashion

Marks & Spencer Singapore store opens at Jewel Changi

2min0
Marks & Spencer Singapore will open its Jewel Changi store this Wednesday. The 13,000sqft space offers M&S’s clothing and accessories across womenswear, menswear, lingerie and kidswear. The store also features Food Hall which will include nearly 3000 lines of food and drinks, including international award-winning wines. Customers can expect a variety of chilled food and […]
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Retail Asia07/08/2018
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Research

Providing agile recovery solutions for Marks & Spencer

8min0
Marks & Spencer (M&S) is a British multinational retailer which households across the world. With an annual turnover of over £10.6 billion and global operations, keeping such a large business moving requires a balancing act of behind-the-scenes logistics and planning. To ensure they can deliver the quality items its customers expect even in the event […]
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Retail Asia20/07/2018
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Fashion

Marks & Spencer UK plans to cut 351 management jobs

2min0
Marks & Spencer UK reportedly plans to axe more than 300 jobs across the UK as it continues its restructure to counter falling sales. As reported seeing documents proposing 351 job cuts, almost all of them in management roles, including operations, section managers and “visual managers”. Marks & Spencer, which is flourishing in Asia under a […]
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Retail Asia23/05/2018
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Fashion

Marks and Spencer set to close 40 more stores

2min0
British department store retailer Marks & Spencer will close a further 40 stores in its home market as it struggles to improve its bottom line. According to reports, M&S will announce which of its 140-strong full-store network will close on Wednesday UK time, adding to the 20 already shuttered. The full stores stock both fashion […]
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Retail Asia09/11/2017
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Fashion

Marks & Spencer to close more stores

2min0
UK department store chain Marks & Spencer is about to announce further store closures along with reduced profits amid worsening high-street trading conditions. Last year, the company announced the closure of 30 stores, but The Guardian newspaper reports a plan has been devised by CEO Steve Rowe and incoming chairman Archie Norman for a bolder store rationalisation […]
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Retail Asia10/02/2017
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Food

Amazon India proposes $500m food venture

3min0
Amazon India has applied to the government to invest US$500 million in a wholly owned venture that will allow the US eCommerce giant to stock locally produced food items and sell them online. If successful, it would become the first foreign retailer to enter the segment. Amazon already has an eCommerce marketplace in India, but […]
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Retail Asia18/01/2017
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Fashion

John Lewis fashion sales soar

3min0
John Lewis fashion sales rose a tremendous 7.2 per cent over Christmas – eclipsing the UK department store’s rivals, even robust performances by Debenhams, M&S and House of Fraser. Own brand collections continued to strengthen throughout 2016, with the inclusion of Modern Rarity filling a gap in its private label brand portfolio by appealing to […]
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Retail Asia09/01/2017
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Fashion

Fashion chain Next faces crossroads

3min0
Fashion chain Next needs to carefully rethink who its customers are and how best to attract them to avoid falling into the same trap as M&S, says a retail analyst. The UK-based retailer has released its fourth quarter results for 2016, described by Emily Stella, analyst with Verdict Retail, as “poor” against a weak comparative. “The […]
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Retail Asia21/11/2016
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Finance

US investor buys into Mitra Adiperkasa

4min0
US private-equity company General Atlantic has made its first investment in Indonesia by buying into lifestyle retailer Mitra Adiperkasa (Map). It has subscribed for Rp1.08 trillion (US$80.5 million) in bonds issued by Map which are convertible into shares in its F&B subsidiary Map Boga Adiperkasa (MBA), which runs Cold Stone Creamery, Godiva, Krispy Kreme, Pizza […]
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Retail Asia05/11/2016
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Fashion

Marks & Spencer’s China stores risk closure

1min
Marks & Spencer is reportedly due to announce the closure of some of its Chinese shops when it releases its trading update next week. There is speculation that chief executive Steve Rowe will reveal his plans to help bring the department store chain back into business when the company’s half-year results are published. M&S currently […]
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Retail Asia26/10/2016
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Fashion

Can This British Retailer Conquer China?

4min
New Look, a fast-fashion retailer bearing a striking similarity to Forever 21, is aiming to boldly go where many chains have gone before but few have succeeded. The British retailer’s chief executive officer, Anders Kristiansen, has made no secret of his intentions in China, announcing plans in June to open 50 more stores there by […]
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Retail Asia19/10/2016
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E-Tailing

Sprooki platform to launch in Indonesia

3min0
Shopper-engagement platform Sprooki will launch in Indonesia next month at the 125,000 sqm Supermal Karawaci retail precinct in western Jakarta. It will be integrated with the precinct’s touchpoints and mobile apps, allowing retailers to offer customers individualised content such as vouchers, special offers, event alerts and store information. Sprooki Michael Gethen and Claire Mula Customers will […]
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Retail Asia08/09/2016
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Food

M&S Singapore launches table-service restaurant

1min0
M&S Singapore has opened a table-service restaurant at Wheelock Place. As well as the M&S Cafe, the flagship store has introduced M&S chilled food, making it the first Asian outlet outside of Hong Kong to offer the range of more than 600 products. With 60 seats, M&S Cafe is near the Food Hall, its menu […]
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Retail Asia18/06/2016
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Fashion

Narrow the range, increase retail sales

6min0
It’s counter-intuitive, but less choice, fewer options and a smaller range of products can often help increase retail sales and customer satisfaction. Who would have guessed? Simplified, narrower product ranges are contributing to accelerated customer and corporate purchase decisions, improved productivity, velocity and volume, and, interestingly, fewer instances of buyer remorse. Marks & Spencer in […]
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Retail Asia01/06/2016
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Fashion

M&S profit to take a hit

3min0
After poor quarterly performances from Marks & Spencer’s general merchandise division, the full year results come as no surprise, with UK full-year like-for-like sales falling 1.1 per cent. That followed a drop of 1 per cent the previous year. Today sees the new CEO take to the stand to reveal his strategy to return M&S […]
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Retail Asia29/01/2016
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Living

Reliance retail business thrives

2min
Indian retailer Reliance Industries has reported a 50 per cent growth in sales in its consumer electronics category for the quarter to December 31. Reliance Retail also consolidated its leadership in the grocery category, optimising its network to enhance profitability. Several private-label products were launched in the grocery and general merchandise categories during the quarter. […]
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