×
2 891
Fashion Jobs
ESTEE LAUDER
Clinique - Consultant - Selfridges, London - 15 Hours, 2 Days - Part Time, Permanent
Permanent · Londres
ESTEE LAUDER
Tom Ford Beauty - Product Manager (Fragrance)
Permanent · Londres
ESTEE LAUDER
The Estée Lauder Companies - UK dc Warehouse Operative – Goods in (Tuesday-Friday 06:00 - 14:00 & Saturday 08:30 – 16:30)
Permanent · Fareham
AESOP
Retail Consultant | Full Time | Aesop Northcote Road, London
Permanent · London
AESOP
Retail Consultant | Part Time | Aesop Northcote Road, London
Permanent · London
AESOP
Retail Consultant | Full Time | Aesop Richmond, London
Permanent · Richmond
AESOP
Retail Consultant | Part Time | Aesop Richmond, London
Permanent · Richmond
BOOHOO GROUP
Warehouse Operative - 3on/3off - 14:00-02:00
Permanent · CRICK
COAST
Art Director
Permanent · LONDON
BERSHKA
General Manager - Bershka Blanchardstown
Permanent · DUBLIN
ZARA HOME
Zara Home White City - General Manager (Maternity Cover)
Permanent · LONDON
SELFRIDGES
Finance Systems Analyst
Permanent · LONDON
BOOHOO GROUP
Warehouse Operative - 14:00-02:00
Permanent · CRICK
URBN
Urban Outfitters Performance Marketing Manager - London, UK
Permanent · LONDON
HARRODS
Senior Buyer's Clerk - Accessories
Permanent · LONDON
HEAD OFFICE
Head Chef Food Production – Victoria Head Office
Permanent · LONDON
ESTEE LAUDER
Sales & Education Executive, Estee Lauder - Travel Retail Emea (Based UK)
Permanent · Londres
ESTEE LAUDER
Clinique - Consultant - Boots Trinity, Leeds - 26 Hours/Week - Part Time, Permanent
Permanent · Leeds
ESTEE LAUDER
Clinique - Consultant - Boots Metro, Gateshead - 21 Hours/Week - Part Time, Permanent
Permanent · Gateshead
THE NORTH FACE
Account Coordinator - German Speaking - Vans
Permanent · NOTTINGHAM
VANS
Account Coordinator - Dutch Speaking - The North Face
Permanent · NOTTINGHAM
TIMBERLAND
Account Coordinator - French Speaking - Dickies
Permanent · NOTTINGHAM
Ads
By
Reuters
Published
Apr 26, 2013
Reading time
3 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Marks & Spencer CEO faces crucial tests

By
Reuters
Published
Apr 26, 2013

Marc Bolland, CEO since May 2010, is under pressure to revive the firm's clothing business, which has been losing market share to firms like Primark and Debenhams.

M&S reported a seventh straight quarterly fall in underlying general merchandise sales on April 11.

The 129-year-old retailer has been the subject of renewed takeover speculation and management also seems to be in some disarray, with the firm recently parting company, without explanation, with its head of lingerie and beauty, Janie Schaffer, just three months after her much-heralded appointment.

New autumn/winter clothing ranges are widely seen as make or break for a new general merchandise team, assembled by Bolland and led by John Dixon, the former boss of food, and Belinda Earl, the former CEO of Debenhams and Jaeger.

Bolland has repeatedly said the new team will not make a major impact on sales until these ranges hit the shops in July.

But he will give an update on strategy and launch the ranges to analysts and business media on May 14, a day before M&S hopes to win over Britain's influential fashion press.

A week later Bolland will present M&S's 2012-13 results, with analysts on average forecasting a 7 percent fall in pretax profit to 658 million pounds ($1 billion), according to a poll carried on the firm's website.

That would be a second straight annual decline, though the dividend is expected to be maintained.

Bolland has said Dixons' team is starting to deliver operational improvements, such as improved availability, but at the May 14 event he will have to address criticism from analysts and shoppers that M&S's womenswear lacks focus with too many sub brands, is poorly presented in stores, with sometimes weak marketing.

"Undoubtedly this will be a high profile event and key to the momentum of its general merchandise divisional revenue going forward," said Trevor Green, head of institutional equities at Aviva Investors, an M&S shareholder.

Analysts expect Bolland to stress that the July launch represents just the first of three phases of the autumn/winter season.

Christmas 2013 will likely be the acid test for the CEO, who has presided over a 15 percent rise in M&S's share price since he joined, partly due to periodic bouts of takeover speculation.

"The proof of the pudding will be in how well the range is merchandised and stocked instore come September, and how helpful the weather is," said independent retail analyst Nick Bubb.

"They will be desperately hoping that we don't get an 'Indian Summer'."

Preceding all this, on May 8, M&S will host an investor day at its new e-commerce distribution centre at Castle Donington, central England, with management updating on the progress of its supply chain and IT investments, ahead of the launch of a new web platform next year.

M&S is spending 2.4 billion pounds over three years on store revamps, logistics, IT and systems, as well as selective investment overseas, as it seeks to become an international multi-channel retailer, connecting with customers through stores, the internet and mobile phones.

"The big issue for M&S is that the money that they are investing needs to start producing an uplift to sales and returns, and if that is not the case then they need to moderate their investment spend," said one of the retailer's top 10 investors.

© Thomson Reuters 2022 All rights reserved.