- Reuters•5 hours ago
British fashion retailers will switch their spending firepower to technology from the high street in 2017 after online shopping became the key driver of sales growth over the all-important festive period. Marks & Spencer is investing in apps, its website and logistics, while spending 350 million pounds over five years to close 10 percent of clothing and home space. Department store John Lewis said it was cutting staff bonuses in part to enable it to invest in its online operations after 40 percent of its Christmas sales came from the web.
- Reuters•10 days ago
Marks & Spencer (M&S) soundly beat forecasts for Christmas trading with its first quarterly increase in clothing and homeware sales in nearly two years, delivering a welcome boost for new boss Steve Rowe. After taking the helm in April, Rowe instigated the latest in a long line of recovery strategies for M&S's underperforming clothing and homewares business. Chief Executive Rowe said that M&S, one of the best known names on the British high street, had a good Christmas but he was "absolutely clear there is a lot more to do".
- Bloomberg•11 days ago
Next is the safer option even if it lost the Christmas battle.
NXT.L : Summary for NEXT PLC ORD 10P - Yahoo Finance
Next Plc (NXT.L)
LSE - LSE Delayed Price. Currency in GBp
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|Bid||3,878.00 x 86800|
|Ask||4,190.00 x 18000|
|Day's Range||3,920.00 - 4,016.00|
|52 Week Range||3,550.00 - 7,110.00|
|PE Ratio (TTM)||8.76|
|Dividend & Yield||2.04 (4.02%)|
|1y Target Est||N/A|