Marks and spencer news

Here are some recent news updates about Marks & Spencer:

Recent News

  1. M&S Food Sales Rise: Marks & Spencer reported a 2.5% increase in food sales in its latest quarterly results, driven by strong demand for its online grocery service and convenience stores. (Source: The Grocer)
  2. New CEO Appointed: Steve Rowe, the current CEO of M&S, will step down in April 2023 and be replaced by Stuart Machin, the current CEO of Boots. (Source: The Telegraph)
  3. Store Closures: M&S has announced plans to close 110 stores in the UK and Ireland by 2023, as part of a major restructuring effort to focus on its most profitable locations. (Source: BBC News)
  4. Sustainability Efforts: M&S has set a target to reduce its carbon emissions by 80% by 2030 and has launched a new range of sustainable clothing and homeware products. (Source: M&S News)
  5. Partnership with Ocado: M&S has extended its partnership with Ocado, the online grocery delivery service, to offer a wider range of products and services to customers. (Source: The Guardian)

Recent Financial Results

  1. Full-Year Results: M&S reported a 1.4% increase in group revenue to £10.4 billion in its latest full-year results, driven by strong growth in its food and online businesses. (Source: M&S News)
  2. Quarterly Results: M&S reported a 2.5% increase in food sales and a 1.3% increase in clothing and home sales in its latest quarterly results. (Source: The Grocer)

Other News

  1. M&S Bank: M&S has launched a new range of credit cards and loans, as part of its efforts to expand its financial services business. (Source: M&S News)
  2. Sustainability Awards: M&S has won several sustainability awards, including the "Sustainability Leadership Award" at the 2022 Retail Week Awards. (Source: Retail Week)
  3. Charity Partnerships: M&S has partnered with several charities, including Cancer Research UK and the NSPCC, to support their fundraising efforts. (Source: M&S News)