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Marks & Spencer Group PLC Add to portfolio

LON100:MKS, Jan 18, 12:30 UTC

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Wednesday, January 16


News

Marks & Spencer drops plastic wrapping in loose fruit and veg trial

MKS

Marks & Spencer drops plastic wrapping in loose fruit and veg trial. Marks & Spencer is trialling plastic-free produce at one of its stores as it tries to reduce its reliance on packaging. The retailer says 90 lines of loose fruit and vegetables are being sold over two aisles at its Tolworth store in southwest London. The retailer has already reduced its plastic use considerably by phasing out 75 million pieces of plastic cutlery and two million straws as it strives to remove 1,000 tonnes of plastic packaging by spring 2019.

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Tuesday, January 15


News

Marks & Spencer to close 17 stores - with 1,000 jobs at risk

MKS

Marks & Spencer to close 17 stores - with 1,000 jobs at risk. Marks & Spencer plans to close 17 more stores with the loss of 1,000 jobs, as the retailer continues to restructure its business in the face of changing consumer spending habits. M&S has already outlined plans to close 100 stores by 2022 as it hopes to move at least a third of its clothing and homes sales online. Director Sacha Berendji said on Tuesday: "We're continuing to transform M&S with pace and as part of this we are making good progress with our plans to close over 100 stores - radically reshaping our store estate to become more relevant for our customers. "Proposing to close stores is never easy, for our colleagues, customers or the local community, but it is vital for the future of M&S. Where we have closed stores, we are continuing to see an encouraging number of customers choosing other nearby locations and shopping on M&S.com."

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News

Marks & Spencer announces store closures, putting 1,000 jobs at risk - AOL UK

MKS

More than 1,000 jobs at Marks & Spencer are at risk as the retailer announced its latest round of store closures as part of a drastic transformation plan. The retailer released a list of 17 stores proposed for closure on Tuesday, in a move which will affect 1,045 employees. As part of an accelerated store closure programme, M&S is on track to close over 100 stores. The 17 stores set to close are: Ashford, Barrow, Bedford, Boston, Buxton, Cwmbran, Deal, Felixstowe, Huddersfield, Hull, Junction One Antrim Outlet, Luton Arndale, Newark, Northwich, Rotherham, Sutton Coldfield and Weston Super Mare. Sacha Berendji, retail, operations and property director at Marks & Spencer, said: “We’re continuing to transform M& S with pace and as part of this we are making good progress with our plans to close over 100 stores – radically reshaping our store estate to become more relevant for our customers.

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Monday, December 10


News

Forget a cash ISA! I’d rather pick up 6%+ from FTSE 100 dividend share Marks and Spencer

VZ MKS

I’d rather pick up 6%+ from FTSE 100 dividend share Marks and Spencer. The company is being beaten by nimbler, more flexible online rivals at a time when customer spending levels are at a low ebb. Therefore, its near-term financial prospects appear to be somewhat challenged. This could help to improve its dividend growth outlook. As such, it could be worth buying alongside a dividend growth stock which released positive news on Monday. In other words, consumers may become less interested in convenience, quality or the shopping experience, and more interested in price. Since Marks & Spencer is not a budget retailer, it may naturally experience a slowdown in sales growth.

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Wednesday, November 28


News

Can Xmas 2018 finally boost the Marks and Spencer share price?

MKS

Can Xmas 2018 finally boost the Marks and Spencer share price? In the early days of my investing career, Marks & Spencer(LSE: MKS) was a big favourite among private investors. But it all turned horribly wrong around 1997. The share price went into a tailspin from which it still hasn’t recovered. Even the past five years have seen a 35% fall in the Marks & Spencer share price, while the FTSE 100 has lost 7%. Still, at least M&S isn’t struggling as badly as Debenhams, and is far from the dire straits that led to the bust of House of Fraser. But M&S does seem to be in a perpetual state of revamping its clothing offerings, trying to re-capture the imagination of each new generation of fashion-conscious buyers. And every time Christmas comes around, all eyes are captivated by that seasonal barometer of the high street. And every year we’re disappointed.

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Thursday, October 11


Social Chatter

Marks & Spencer Group PLC (LON100:MKS) social chatter is higher than usual

MKS
Marks & Spencer sells school uniform hijabs for girls as young as 6. This is an abomination. This is extremist Islamism and NOT a Koranic requirement for young Muslim girls at primary school. No, no, no, no... NO! https://t.co/ZfMyhUTPN1

Wednesday, October 10


News

Think Marks and Spencer and Sports Direct shares are bargains? Read this now

MKS SPD

This time three years ago, the shares were changing hands for just under 500p, however, fast forward to today and the MKS share price is 299p, representing a fall of around 40%. With analysts forecasting earnings per share of 26.2p, and dividends per share of 18.7p for the year ending 31 March, The forward-looking P/E is just 11.4, and the prospective yield is 6.3%. However, if you’re thinking of buying the shares, there’s something you really need to know. A 10.5% short interest means a number of hedge funds and other sophisticated investors are betting on the company failing, and the share price falling. For this reason, I think it’s worth being very cautious in relation to the stock because we have seen what can happen to highly-shorted shares in the recent past. To my mind, the big problem with the company is its ailing clothing division, which seems to just consistently underperform. For example, clothing sales in August fell 1.9%, which suggests the group’s strategy is off the mark when you consider that online retailers such as Boohoo are thriving. As such, I don’t see much appeal in MKS shares right now.

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Wednesday, October 03


News

Isobar India wins digital mandate for Marks & Spencer, Marketing & Advertising News, ET BrandEquity

MKS

Isobar India, the digital agency from Dentsu Aegis Network, has bagged the digital mandate for Marks & Spencer. Commenting on the association, James Munson, Managing Director - Marks & Spencer said, “We look forward to working with Isobar India as our digital partners. Marks & Spencer, with 67 stores across 30 cities in India, is one of the most accessible international fashion brands in India. For the record, Marks & Spencer signed a JV with Reliance Retail in 2008 making it Marks & Spencer Reliance India Pvt Ltd. Commenting on the win, Gopa Kumar, Executive Vice President, Isobar India said, “We're excited and proud that Marks & Spencer has appointed us to manage their digital duties.

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Tuesday, September 04


News

Troubled Marks & Spencer, Debenhams Try to Attract the Cool Kids

DEB MKS

Troubled U.K. department stores are revamping their marketing tactics to try to attract younger customers. Marks & Spencer Group Plc said Tuesday it will eschew traditional advertising vehicles such as television in its latest ad campaign, which for the first time will focus exclusively on digital platforms like Instagram. Debenhams Plc, which unveiled its first new logo in 20 years on Monday, said it also plans to strengthen its online presence.

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Friday, August 31


News

Why this FTSE 250 stock plus 6%-yielder Marks and Spencer could help you retire early

MKS SPD

Why this FTSE 250 stock plus 6%-yielder Marks and Spencer could help you retire early. Today, I’m going to take a look at opportunities for investors in UK retail stocks. The legendary US fund manager Peter Lynch advised investors to test out businesses before they invested. So when I found myself out and about with time to spare last weekend, I decided to do a bit of retail research. Elsewhere in the same town, I came across a branch of Marks and Spencer Group (LSE: MKS). When I visited a year ago, it was open. But it’s since been closed as part of chief executive’s Steve Rowe’s long overdue shakeup of the group’s store estate.

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