Company Profile | June 10, 2024 Premium Marks and Spencer (LSE: MKS) Company ProfileMarks and Spencer is a UK-based retailer of apparel, food and home products. Headquartered in London, the company operates stores in the UK and 38 other countries. Read More
Deep Dive | October 26, 2022 Premium Head-to-Head in UK Apparel Retailing: Marks & Spencer vs. NextMarks & Spencer (M&S) and Next are two of the largest retailers in the UK’s apparel and footwear specialty retail space. As part of Coresight Research’s Head-to-Head series, we provide insights into the two companies’ revenues, as well as operating margins, shopper profiles, key strategic partnerships and acquisitions. Read More
Flash Report | February 27, 2019 Register for Free Access Marks & Spencer Confirms Joint Venture with OcadoThe UK’s Marks & Spencer and Ocado Group have confirmed that they are discussing a potential joint venture. A combined M&S-Ocado offering would offer M&S a way to sell online while circumventing the unfavorable economics of its typically small basket sizes. Read More
Event Coverage | October 18, 2022 Premium Marks and Spencer (M&S) Investor Day 2022: Company Expands Food Stores and Reduces Full-Line StoresThe Coresight Research team attended Marks and Spencer’s Investor Day on October 12, 2022. We present insights from the event, covering five programs from the company’s strategic plan, including its intentions to expand its food stores. Read More
Company Earnings Update | May 20, 2015 Register for Free Access Marks & Spencer Full-Year Results: Finally Turning a Corner?Marks & Spencer (M&S) has posted an annual increase in pretax profits for the first time since 2011. Underlying pretax profits rose 6.1% to £661 million in the year ending March 28, 2015. Read More
Company Earnings Update | May 24, 2018 Register for Free Access Marks & Spencer (LSE: MKS) FY18 Results: Exceptional Costs Hit Profits; Only on “Mile Three or Four of a Marathon”Marks & Spencer (M&S) reported a 38% fall in operating profit and a 62% slump in pretax profit in FY18. The declines were largely due to costs related to store closures. Read More
Company Earnings Update | November 4, 2015 Register for Free Access MARKS & SPENCER FIRST HALF DASHES HOPES OF RECOVERY IN APPARELGroup sales were up 1.4% at constant exchange rates, or 1.0% in British pounds. Read More
Company Earnings Update | January 13, 2017 Register for Free Access Marks & Spencer (LSE: MKS) 3Q17 Update: Improved Sales Beat ExpectationsUK clothing-and-food retailer Marks & Spencer (M&S) reported that 3Q17 sales were up 5.9% as reported and up 4.3% on a constant currency basis. Read More
Company Earnings Update | May 25, 2017 Register for Free Access Marks & Spencer (LSE: MKS) FY17 Results: A Disappointing Final Quarter; Exceptional Costs Weigh on ProfitsM&S grew total full-year sales by 2.2% to £10.62 billion, marginally ahead of consensus and despite negative comps in its UK Clothing and Home and UK Food segments. Read More
Company Earnings Update | July 12, 2017 Register for Free Access Marks & Spencer (LSE: MKS) 1Q18 Update: Retailer Slows Rate of Decline in ClothingMarks & Spencer (M&S) reported UK Clothing and Home comparable sales fell 1.2% in 1Q18. This compared to a 5.9% slump in 4Q17. Read More
Company Earnings Update | January 12, 2018 Register for Free Access Marks & Spencer (LSE: MKS) 3Q18 Update: Clothing Returns to Deep Declines, Food UnderperformsMarks & Spencer (M&S) reported weak comparable sales growth in its core UK divisions in 3Q18. Read More
Flash Report | March 26, 2018 Register for Free Access Marks & Spencer Appoints Retail Veteran Stuart Machin as Managing Director of FoodMarks & Spencer (M&S) announced that it has appointed retail veteran Stuart Machin to the newly created role of Managing Director of Food. Read More
Company Earnings Update | November 8, 2018 Register for Free Access Marks & Spencer (LSE: MKS) 1H19 Results: Food Underperforms, Clothing Improves; Company Beats Bottom-Line ExpectationsIn 1H19, Marks & Spencer (M&S) reported a slightly improved performance in its UK Clothing & Home segment, as it seeks to reshape its clothing offering with streamlined ranges that will help it to recapture family-lifestage shoppers. Read More
Company Earnings Update | January 11, 2019 Register for Free Access Marks & Spencer (LSE: MKS) 3Q19 Update: A Weak Quarter for Food and Clothing AlikeOn the management call, CEO Steve Rowe noted that the third quarter was “challenging.” He said that “market conditions were tough, particularly in November when footfall and online visits both dropped significantly,” he said. Rowe said the sales growth was in line with the company’s expectations and was “steady” in the first half. The company reduced inventory volumes, resulting in 25% less stock going into the December sale. Rowe pointed to an increase in sales of entry-level clothing products, saying “customers are looking for value, and we’re providing that.” The company lowered prices on 227 food products and stripped out “complex and confusing” promotions. Read More
Flash Report | January 29, 2019 Register for Free Access Legacy UK Retailers Tesco and Marks & Spencer Think Radically to Expand Margins and Revive Revenue GrowthIn a press release on January 29, Tesco confirmed plans to close fresh-food counters in around 90 stores, with 700 further stores retaining a “full or flexible” counter offer. It will also simplify stock management at store level, close store canteens and make job cuts at its head office. The company estimates that up to 9,000 roles could be impacted but it expects up to half of these people could be redeployed. Read More
