Deep DiveHead-to-Head in UK Apparel Retailing: Marks & Spencer vs. Next Coresight Research October 26, 2022 Reasons to ReadMarks and Spencer (M&S) and Next are two of the leading UK apparel retailers. In this Head-to-Head report, we provide key comparative insights about the companies’ revenue, operating margins, shopper profiles, strategies and acquisitions. Learn more about M&S in our Investor Day report. Read Coresight Research’s complete Head-to-Head series. Contents (Click to navigate) Introduction What’s the Story? Why It Matters Marks & Spencer vs. Next: Coresight Research Analysis Business Overview Revenue Operating Margins Customer Profiles and Pricing and Promotion Strategies Changing Course of Distribution: Shrinking Store Estates and Switching Focus to E-commerce Key Business Expansion Strategies What We Think Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Agentic Commerce Insights Latest—Including Learnings from CES and NRF: Premium Subscriber CallAnalyst Corner—Trimming Waistlines and Spending: Exploring New Data on GLP-1’s Impact on Consumer Purchases, with John Mercer3Q25 Earnings Season Wrap-Up: 84% of Companies Grow Sales, 77% Beat Top-Line Consensus in a Solid Quarter for Discount, Off-Price and Specialty ApparelWeekly US Store Openings and Closures Tracker 2025, Week 31: Trader Joe’s Continues Store Expansion