|Bid||277.20 x 63000|
|Ask||288.00 x 23400|
|Day's Range||278.80 - 284.40|
|52 Week Range||262.10 - 397.80|
|PE Ratio (TTM)||24.88|
|Forward Dividend & Yield||0.19 (7.05%)|
|1y Target Est||N/A|
Britain's Marks & Spencer (MKS.L) said on Wednesday its marketing boss was leaving the retailer - the latest casualty of sweeping management changes under Chief Executive Steve Rowe and Chairman Archie Norman. M&S said Patrick Bousquet-Chavanne, executive director of customer, marketing and M&S.com, appointed by Rowe's predecessor Marc Bolland six years ago, has stepped down from the board and would leave the company at the end of next month. Rowe is reorganising M&S into businesses with clearer lines of accountability.
Its contractors XPO Logistics and DHL have started consultations with their Hardwick staff, it said. M&S also said it had appointed DHL, owned by Deutsche Post AG (DPWGn.DE), to operate its new South East distribution centre at Welham Green.
Marks & Spencer has announced it will close one of its distribution centres in Hardwick, north-west England, putting 450 jobs at risk. The XPO Logistics and DHL contractors at the centre supply clothing ...
Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. Marks and Spencer Group plc (LSE:MKS) has returned to shareholdersRead More...
By Danilo Masoni MILAN (Reuters) - European shares fell on Friday after U.S. President Donald Trump warned of further tariffs on China, although the losses were limited by gains among defensive stocks ...
Marks & Spencer’s (M&S) lingerie collection is flying off its Indian store shelves. So brisk are the sales—40% growth over financial years 2015 and 2017—that the British retailer now plans to increase the number of its standalone lingerie stores in the country from the existing six. It already operates 63 other stores in 27 cities,…
Marks and Spencer Group plc’s (LSE:MKS) most recent return on equity was a substandard 6.40% relative to its industry performance of 13.33% over the past year. An investor may attributeRead More...
British retailer Marks & Spencer (MKS.L) said on Monday it was shaking-up its clothing and home leadership team, with Queralt Ferrer, its womenswear and lingerie design director, and Belinda Earl, its style director, both stepping down from their roles. The moves follow the appointment in October of Jill McDonald, the former boss of bikes to car parts chain Halfords, as its clothing and home managing director. Reporting to Chief Executive Steve Rowe, McDonald has been tasked with delivering the sustained sales and profit growth that has eluded Britain's biggest clothing retailer for a decade.
British retailer Marks & Spencer (MKS.L) said on Thursday it was replacing food boss Andy Adcock with an executive from Steinhoff (SNHJ.J), the troubled South African retailer, seeking to get the business back on track after a year of underperformance. M&S said director of food Adcock, who has been with the retailer for nine years, would leave at the end of April. Machin is currently the group CEO of Steinhoff UK, which owns furniture retail brands.
A stronger euro took its toll on Spanish retailer Inditex (ITX.MC) in its latest quarter, leading to lower profit margins at the owner of clothing chain Zara, while a cold snap dragged on sales of spring fashions at the start of its financial year. "Looking to the year ahead, we should not see a negative impact on margin at current exchange rates," Isla told a news conference in the company's headquarters in northern Spain. The shares closed up 4 percent at 25.24 euros.
The chief executive of British retailer Marks & Spencer (MKS.L), Steve Rowe, said he and his new chairman, Archie Norman, differed very little on the strategic direction of the company and were working well together. Given Norman's impressive track record of turning around struggling retailers, most famously the revival of supermarket chain Asda (WMT.N) in the 1990s, some analysts had feared he could go beyond his non-executive brief of running the M&S board and become a "back seat driver" of the business.
Career changes are common, but what’s not is going from managing $40 billion in assets as a London fund manager to running your own farms. But that’s exactly what Graham Birch, a former BlackRock investment ...
Amazon's assault on the retail industry has brought misery to traditional retailers without a strong web presence. Less well noticed is the patchwork of European companies that are turning the e-commerce revolution to their advantage, supplying online giants with everything from forklift trucks and storage space to cardboard boxes and automated warehouses. Mainly bricks-and-mortar retailers such as Debenhams, H&M and Marks & Spencer have faced a torrid few years as stretched consumers increasingly look online for bargains.
Mid-caps stocks, like Marks and Spencer Group plc (LSE:MKS) with a market capitalization of UK£4.82B, aren’t the focus of most investors who prefer to direct their investments towards either large-capRead More...
As short sellers swoop on Marks & Spencer Group Plc, value investors are pinning their hopes on a man with a history of turning around struggling businesses.
British retailer Marks & Spencer said it plans to close a further 14 stores in its home market, speeding up a programme to re-shape its store estate as more sales move online. M&S said in 2016 it would reposition about 25 percent of its clothing and home space through a combination of closures, downsizes, relocations and conversions to food-only stores. In November last year, three months after retail veteran Archie Norman joined as chairman, it said it was accelerating this programme, saying it had seen better than expected levels of sales transfer from initial store closures.
British retailer Marks & Spencer (MKS.L) said it plans to close a further 14 stores in its home market, speeding up a program to re-shape its store estate as more sales move online. M&S said in 2016 it would reposition about 25 percent of its clothing and home space through a combination of closures, downsizes, relocations and conversions to food-only stores. In November last year, three months after retail veteran Archie Norman joined as chairman, it said it was accelerating this program, saying it had seen better than expected levels of sales transfer from initial store closures.
Marks and Spencer Group plc (LSE:MKS) is currently trading at a trailing P/E of 27.2x, which is higher than the industry average of 21x. While MKS might seem like aRead More...
British online fashion retailer ASOS (ASOS.L) beat expectations for sales growth over Christmas and said it sees potential for e-commerce to expand to as much as 40 percent of all clothing sales in developed markets. After ASOS posted a 30 percent rise in retail sales for the last four months of 2017, Chief Executive Nick Beighton told reporters the retailer was ideally placed to tap in to a generation of consumers who increasingly shop on mobile phones and communicate via social media. "The highest penetrated market for fashion on e-commerce is South Korea at over 35 percent, the UK is around 25 percent and the United States is 24 percent," he said.
The chief executive of Dixons Carphone (DC.L) has quit Britain's largest electricals and mobile phone retailer to run the Boots chain in the country, Dixons said on Friday. Sebastian James will step down after six years as CEO around the end of the company's 2017-18 financial year in April, Dixons said in a statement. James will become senior vice president and president and managing director of Boots on Sept. 1, Walgreens Boots Alliance said in a statement.
Associated British Foods (ABF.L) warned on Thursday that revenue and profit from its sugar business would fall more than previously forecast in 2017-18 because of lower prices across the European Union, sending its shares lower. In November AB Foods had cautioned that in sugar, higher volumes and lower costs would only partially mitigate the effect of much lower EU prices in 2017-18. Prices were dented by substantially higher EU sugar production.
Marks & Spencer (MKS.L) said on Wednesday it would open a huge new clothing and homeware logistics centre in 2019, as part of the British retailer's strategy of simplifying its distribution network. M&S revised its strategy in November, two months after retail veteran Archie Norman joined as chairman, saying it needed further changes to modernise the clothing and homeware supply chain to reduce costs and make it faster. The firm said it would open a 495,000 square feet mechanised clothing and homeware distribution centre at a former Tesco (TSCO.L) site in Hertfordshire, southern England, next year.
The number of people visiting British stores in December showed its biggest decline for five years, illustrating how retail is being transformed by online shopping, a survey showed on Monday. Year-on-year footfall fell by 3.5 percent in the five weeks to Dec. 30, the biggest decline since March 2013 when it dropped by 5.2 percent, the survey by the British Retail Consortium (BRC) and researcher Springboard found. The December figure was significantly below the 12-month rolling average of a 0.7 percent decline.