BoF compiles the most important professional moves of the week.
Shoppers usually blame dowdy clothes and tired stores for the painful decline of Britain’s former retail powerhouse Marks & Spencer. But the parts of the business that customers never see could hold the key to its revival.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
The arrival over the last 20 years of fast, cheap fashion at one end of the market and affordable luxury at the other has left M&S struggling to recapture its universal appeal.
Marks & Spencer Group Plc reported sinking revenue of non-food items as the U.K.’s largest clothing retailer experienced delays in fulfilling online orders at the busiest time of the year.
The Christmas rush is exposing the limitations of internet-only retailers as surging orders cause delivery delays, allowing Europe’s shops to fight back with “click and collect” services and more in-store theatre.
Marks & Spencer Group Plc shares fell the most in more than two months after the U.K.’s largest clothing retailer experienced delays delivering some customers’ online orders at the busiest time of the year.
Marks & Spencer Group hired Helen Weir to succeed Alan Stewart as chief financial officer, recruiting from one of its main UK retail competitors.
Marks & Spencer Group Plc reported a worsening drop in non-food sales, adding to the pressure on Chief Executive Officer Marc Bolland in his fifth year at the helm.
There is a real opportunity to rebuild local manufacturing in a commercially viable and scalable way, argues Janice Wang.
LONDON, United Kingdom — Marks & Spencer Group Plc, the U.K.’s largest clothing retailer, reported a 12th straight quarterly drop in non-food sales as Chief Executive Officer Marc Bolland struggles to turn around the company’s fortunes.
LONDON, United Kingdom — Marks & Spencer Group Plc was the only major clothing retailer to lose U.K. sales and market share in the six months through mid-May and the price gap with rivals widened, according to Sanford C. Bernstein.
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.