LONDON, United Kingdom — Marks & Spencer Group Plc, the U.K.’s largest clothing retailer, said annual profit fell 5.8 percent as consumers spent less on its fashion goods, even as food sales increased.
LONDON, United Kingdom — Fashion media and analysts broadly welcomed Marks & Spencer's new clothing strategy and a preview of autumn/winter fashion ranges, giving the firm's boss some respite from pressure over falling sales.
LONDON, United Kingdom — Marks & Spencer Group Plc Chief Executive Officer Marc Bolland said its new autumn-winter fashion collection is a “step in the right direction” toward reigniting interest in the struggling fashion brand after seven quarters of sales declines.
MUMBAI, India — India is the next great frontier for global retailers, but a daunting array of permits force retailers to pay so-called "speed money" through middlemen or local partners to set up shop.
The China Edit is a weekly curation of the most important must-read fashion business news and analysis from and about the world’s largest luxury market.