Pioneering hosiery producer Adria could be set for a revival more than 10 years after it ended UK manufacturing with M&S reported to be in talks with a company hoping to resurrect the brand via an automated factory.
Changes to M&S's fashion offer and a determination not to discount seem to be paying off. Sales aren't yet where they should be but the turnaround is "on track" and fashion sales should turn positive by year-end
Marks & Spencer made headlines Wednesday morning as profits went into freefall and fashion sales dipped. But a full-price sales rise and other upbeat news meant the turnaround is on track and the share price is rising.
M&S has named its new head of fashion, beauty and interiors and after scouring the fashion sector the retailer has appointed a senior executive from… the car accessories sector. Its new exec is currently CEO of Halfords.
Marks & Spencer has closed seven of its 10 stores in China this year, with the remaining three to close in April, but the British retailer will remain available online on TMall, where it plans to increase its business.
M&S has confirmed it will not launch another collection with Alexa Chung, telling Fashion Network the link-up had only ever been intended as a two-collection deal. Chung is currently working on her own fashion line.
Marks & Spencer beat forecasts for Christmas with its first quarterly rise in clothing sales in nearly two years. But a calendar shift meant the welcome boost for CEO Steve Rowe wasn't as good as it seemed.