Marks and Spencer reports ‘steady performance’

Marks and Spencer reports ‘steady performance’

Mark and Spencer Group Plc (M&S) saw a “steady performance in difficult markets” in its trading statement for the 13 weeks to 29th December 2018. In food, the retailer saw like-for-like revenue decrease 2.1%. Six months ago M&S started on a journey to...
Former Sainsbury’s boss set to join Marks and Spencer

Former Sainsbury’s boss set to join Marks and Spencer

Marks and Spencer Group plc has announced the appointment of Justin King as a non-executive director with effect from 1st January 2019. King is acknowledged as one of the UK’s most successful retail leaders, having led the revival of J Sainsbury’s as chief executive...
Marks and Spencer reports ‘steady performance’

Marks and Spencer reports tough trading

Marks and Spencer Group plc (M&S) has reported its food revenue is down by 0.2% and like-for-like revenue is also down by 2.9%, reflecting tough trading over the 26 weeks that ended on 29th September 2018. According to the M&S half year results, the retailer...
Food-to-go sector to see huge growth by 2023

Food-to-go sector to see huge growth by 2023

The UK’s food-to-go sector is set to grow at twice the rate of overall grocery retail, with research organisation IGD predicting the channel to grow to £22.8bn by 2023. The predicted growth of £22.8bn by 2023 is up from a £17.8bn growth in 2018. Food-to-go research...
Marks and Spencer unveils results amid store closure news

Marks and Spencer unveils results amid store closure news

Following the announcement that Marks and Spencer is set to close 100 stores by 2022, the retailer has now unveiled its full year results. The retailer reported a 62.1% fall in pre-tax profit to £66.8 million in the year to 31st March. This was linked to a store...