M&S has unveiled a major realignment of its senior leadership team with CEO Steve Rowe making the changes after saying the firm has finished the ‘Fixing the Basics’ part of its strategy and is ready for the next step.
Britain's Marks & Spencer said on Thursday it would launch a wave of guest clothing brands on its website this spring, including Hobbs, White Stuff, Joules and Sloggi, in bid to accelerate online growth.
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.