M&S made its first-ever loss -- as expected -- in the first half as clothing sales fell. But it highlighted its online leap and how it has speeded up its transformation drive to become a more digital retailer.
M&S could become the latest retailer to announce job cuts if a weekend news report is accurate. The retail giant could unveil plans for redundancies in the next few days, with more to come in the months ahead.
M&S has named a new e-tail head as it works on a £1bn recovery plan that involves ramping up its e-tail operations, selling clothing via Ocado and adding third-party brands to its webstore and physical shops.
M&S has plans to hibernate some of its SS20 stock as it reveals a big sales hit due to the pandemic. But the firm is upbeat and says Clothing & Home is progressing, even though fashion retail will change post-crisis.
M&S has surprised the fashion retail sector by saying that its new managing director of the under-pressure Clothing & Home unit will start earlier than expected. Richard Price will join the retail giant on July 6.
Marks & Spencer is donating thousands of T-shirts bearing the message “We are the NHS” to dress staff and volunteers at temporary hospital NHS Nightingale London. And over 4,000 pyjama sets will be donated as scrubs.