Marks & Spencer

Marks & Spencer posts 58% rise in profit as turnaround plan delivers

Sales rose 9.4% to 13.1 billion pounds, with food sales up 13.0% and clothing and homewares up 5.3%

Imperial College London appoints Manvinder Banga as its chair of council

Banga has also held the position of Senior Independent Director at retail chain Marks and Spencer plc and at GlaxoSmithKline

See huge opportunity to expand in Tier-II, says Marks & Spencer India

Ritesh Mishra, managing director at M&S India, said, "Tier-II cities are of paramount importance to us, as there is still room for growth in Tier-I markets"

TCS signs £800 million contract with digital unit of JLR for five years

TCS has operated in the UK for more than 45 years and works with over 200 clients

TCS on the verge of closing deals worth $1 billion with Marks & Spencer

In addition to this, TCS is also working towards renewing their existing five-year engagement with the UK-headquartered company

Marks & Spencer to turbo charge growth rate in India, open one store/month

M&S opened its first store in India in 2001 and in April 2008, it signed a joint venture with Reliance Retail

Marks & Spencer India to speed up expansion amid global headwinds

The Indian arm of the British multinational retailer Marks & Spencer (M&S) on Wednesday said that it has strong growth plans to ramp up stores in India amid reports of outlet closure back home due to challenging times. Marks & Spencer in India is a 51:49 JV between UK's M&S and Reliance since 2008. The company denied reports of foraying into the food business in India, terming them as speculative and said, it will focus on the home category, launched recently. "We will turbocharge our growth in India. We want to make sure customers get value in our apparel and home products," M&S Reliance India managing director Ritesh Mishra said. The company has plans to open one store a month, he said. Mishra was in the city to open the company's 95th store and third in Kolkata. All stores in India are company owned and it does not have any franchise stores. M&S UK has 427 stores in international operations including franchisees and JVs. M&S UK recently informed ...

TCS to digitise HR operations for Marks & Spencer in multi-year deal

TCS, as a strategic partner for more than a decade, migrated 27 million records of M&S employees working across 1,450 locations in the UK

Marks & Spencer Reliance India appoints Ritesh Mishra as Managing Director

Retailer Marks & Spencer India on Wednesday said Ritesh Mishra has been appointed as Managing Director for Marks & Spencer Reliance India Pvt Ltd. Mishra, previously Head of Operations and Property, takes over from James Munson who will now assume the role of M&S International Retail Director in the UK, the company said in a statement. Munson had led the India business for the past five years, overseeing significant growth of M&S across India, including a 50 per cent increase in the number of stores, which currently stands at 91 stores in 34 cities across the country. Mishra will continue to steer M&S from the India support office in Gurgaon, Haryana, and report to Munson, it added. "In his new role, Ritesh will be responsible for leading and accelerating the growth and success of our India operations. With his strong leadership, M&S will continue to remain the consumer-focused retailer that we are, always keeping customers at the heart of everything we do," ...

IBM to help modernise supply chain for Marks & Spencer India

Tech titan IBM on Thursday announced it is helping Marks & Spencer Reliance India (M&S India) modernise its supply chain to drive seamless integration between online and in-store business for improved customer experience. M&S is scaling its omnichannel capabilities in India with IBM Sterling Supply Chain Solutions, a joint statement said. It did not divulge the size of the contract. "The company is driving faster delivery of products to customers by streamlining the order fulfilment process using IBM Sterling's Order Management. "It involves real-time inventory visibility, a microservices-based solution running on IBM cloud, along with call center capabilities to expand its digital presence and accelerate business growth," it added. IBM has collaborated with its business partner Acuver Consulting to help M&S India deploy an omnichannel order management system for speedy go-to-market, enhanced order fulfilment capabilities and better customer experience. "The robust, ...

Marks & Spencer, H&M eye a big slice of India's home decor market

H&M will first sell its home decor items on its online site and on Myntra, and later launch its collection at its existing store at Ambience Mall, Vasant Kunj in Delhi

British retailer Marks & Spencer launches homeware collection in India

British retailer Marks & Spencer on Thursday announced the launch of its homeware collection in India across its select stores and the website, apart from e-commerce channel partners AJIO and Myntra. The company is targeting urban consumers through its homeware collection, said Marks & Spencer Reliance India Managing Director James Munson. Munson added that after the pandemic, people have a new-found connection to their homes. The collection will offer products in beddings, bathrooms, wellness and dining category, according to a statement. "We are targeting urban consumers who are quality connoisseurs and are seeking value for their money. Those who aspire for contemporary and beautiful homes and yet want solutions that are designed to last using materials sourced with care," he said. Marks & Spencer operates through a 51:49 joint venture in the Indian market with Reliance Retail. "After the pandemic, people have a new-found connection to their homes and M&S Homeware .

Marks & Spencer profit surges as clothing stores reopen post lockdown

The shares rose nearly 10% to 156.8 pence in London on Friday morning

Retailers push the discount pedal on R-Day, offer rebates of up to 60%

Most categories looking to capitalise on out-of-home momentum

Marks & Spencer plans to cut 7,000 jobs in new hit to UK workers

Clothing and home trading in its stores remained well below last year though online and home delivery were strong, said the retailer, which has a UK workforce of about 78,000

Brands chant the affordability mantra as they chase thrifty customers

The familiar playbook of flexible payment schemes, value packs and discounted sales dons a post-pandemic avatar as brands chase thrifty customers

Marks & Spencer plans expansion, to open six more stores in next 60 days

British multinational retailer Marks & Spencer (M&S) is on an aggressive pace here and is opening six more stores in the next two months alone, a top company official has said. Marks & Spencer has opened its first store here way back in 2001 and in April 2008 signed a joint venture agreement with Reliance Retail to form Marks & Spencer Reliance India. It now has 71 stores across 30 cities like New Delhi, Amritsar, Mumbai, Pune, Kolkata, Bangalore, Chennai, Kochi, Bhopal, Kanpur, Hyderabad and Chandigarh among others. "India has become increasingly an important market for us. We are now the largest market for M&S outside of our home market. We are 71 stores today and we continue to invest in this market. We opened nine stores in the last six months and it is our intention to open six more in the next 60 days," Marks & Spencer Reliance India managing director James Munson told PTI in an interview. Internationally, Marks & Spencer hawks its ...

Challenged by leaner, nimbler rivals at home, Marks & Spencer bets on India

Britain's legacy brand pins its hopes on the Indian consumer in a joint venture with Reliance Industries

Marks & Spencer closing UK stores to catch up with e-commerce rivals

M&S has been slow to embrace e-commerce and to respond to a slump in foot traffic on the UK's shopping streets

Marks & Spencer seeks technology savings through Tata partnership

LONDON (Reuters) - Britain's Marks & Spencer has appointed Tata Consultancy Services (TCS) as its technology partner and is targeting annual efficiency savings of about 30 million pounds ($40.5 million) in the area by 2021-22.