Marks & Spencer leading the FTSE losers: Why clothing boss John Dixon’s departure gives M&S two major headaches July 17, 2015 Marks & Spencer is leading the FTSE 100 losers this morning, after it confirmed its executive director of general merchandise John Dixon had quit. M&S' share price opened down, and has continued to tumble throughout early trading. At pixel time, itwas down 1.3 per cent. When Dixon took up the role in [...]
Marks & Spencer’s share price tumbles as head of general merchandise John Dixon quits July 17, 2015 Marks & Spencer's head of general merchandise John Dixon has quit the business after three years in the role, prompting the retailer's share price to tumble in early trading. Dixon "has decided to leave the business to pursue career opportunities outside of the company", the retailer said this morning. He will step down from [...]
These are Britain’s best companies for customer service: First Direct, Amazon and John Lewis July 15, 2015 Anyone who detests being taken for granted by a company will be pleased to know there's a list of firms offering shoppers the best customer service experience. Online bank First Direct scored 87 for the overall level of customer satisfaction, helping it overtake better-known brands such as Amazon and John Lewis in a ranking compiled [...]
Marks & Spencer AGM: Setback for M&S as clothing sales slide off hanger July 7, 2015 Investors and retail observers allowed themselves a small sigh of relief in April when Marks & Spencer brought 14 consecutive quarters of falling general merchandise sales to a halt. After efforts to improve the quality and style of its clothing and to win back disillusioned customers, it seemed to have broken a spell. [...]
Marks & Spencer slips back into decline after just one quarter of growth July 7, 2015 Marks and Spencer's general merchandise arm has slipped back into decline following just one quarter of growth. The figures: M&S' story is pretty much the same as it has been for many months. Total sales in general merchandise were up 0.2 per cent but like-for-likes were down 0.4 per cent, reversing a solitary [...]
Marks & Spencer chief executive Marc Bolland pockets £600,000 bonus after retailer’s first profit rise in four years June 4, 2015 It's not just shareholders who will be pleased that Marks & Spencer finally returned to growth last year. Marc Bolland has pocketed a bonus worth nearly £600,000 for the high street retailer's green shoots, which reported its first rise in profits in four years last month. Bolland received a bonus worth £596,000 on [...]
LondonMetric embarks on £26m shopping spree at Marks & Spencer June 2, 2015 LondonMetric said yesterday that it has snapped up a portfolio of five M&S Simply Food stores for £26m, as it boosts its exposure to the booming convenience market. The FTSE 250 retail and distribution warehouse speciality said the acquisitions come on top of a recent letting of 11,300 sq ft to M&S for 20 years [...]
Dunelm founder Bill Adderley sells majority of his stake in Marks & Spencer May 31, 2015 Bill Adderley, the billionaire founder of homeware retailer Dunelm, has sold most of his shares in Marks & Spencer three years after building up a stake to become the firm’s largest private shareholder. Adderley has sold two thirds of his three per cent stake in M&S, telling the Sunday Times that there were “a couple [...]
Marks & Spencer smartens up: Marc Bolland says turnaround plan is finally working as profit rises May 20, 2015 Marks & Spencer chief executive Marc Bolland was cautiously optimistic yesterday that the high street stalwart had turned a corner towards recovery, as the retailer posted its first profit rise in four years. The retailer, which has been battling to revive its clothing arm, reported a 6.1 per cent rise in pre-tax profits to [...]
Marks & Spencer’s share price rises after it posts first profit increase in four years May 20, 2015 Marks & Spencer has beaten expectations as its returns to profit growth – but its full year results show a mixed performance across the group. Nevertheless investors were impressed with shares rising 1.4 per cent to 593p in mid-morning trade. [stockChart code="MKS" date="2015-05-20"] The figures Marks & Spencer has beaten expectations on its underlying pre-tax [...]