The Co-operative Group has teamed up with Hallmark Cards to raise money for the 2010 Variety Club Gold Hearts Appeal Valentine’s Day. Five pence from the sale of every Hallmark Valentine’s card sold in Co-operative stores will go directly to
Marks & Spencer to widen online reach in latest foray
Bloomberg
Marks & Spencer Group PLC (M&S) is to launch Web sites in 46 new overseas markets to try to revive an international business that has languished for years in spite of multiple turnaround efforts.
The British seller of food, clothing and housewares said the expansion into nations from Nepal to Bolivia and Uzbekistan would extend its online reach to more than 100 countries in a cost-effective way.
Paul Friston, the international director at M&S, said online sales to customers abroad are soaring since the start of the COVID-19 pandemic, jumping by 75 percent in the first half alone as more people worldwide favor shopping from home.
Marks & Spencer to Expand Online Reach in Latest Overseas Foray msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
| UPDATED: 14:17, Fri, Feb 19, 2021
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Founded more than 130 years ago by Michael Marks and Thomas Spencer, Marks and Spencer became a high street favourite selling high-quality British-made products under its St Michael brand. This popularity peaked in 1998 when M&S became the first British retailer to make a pre-tax profit of over £1billion. But a year later, those profits were halved – forcing the company to make unprecedented changes – such as turning to overseas suppliers – and since then bosses have implemented a “radical” plan to turn their attention away from the clothing si
Editor’s Comment: M&S fashion was on the right path – until lockdown hit Add to Bookmarks
Marks & Spencer’s strategy for returning its clothing sales to growth has been derailed by the pandemic and the distraction of a looming deal to acquire Jaeger.
When Richard Price joined Marks & Spencer as managing director of clothing and home last year, he had a clear idea of where to take the division. His strategy was a continuation of that put in place by CEO Steve Rowe: more curated, deeper buys; a focus on quality and reduced discounting; cautiously introducing third-party brands; and rapidly improving the online business.