Marks & Spencer Group Plc Chief Executive Officer Marc Bolland doesn’t make as much money selling clothes as smaller rival Next Plc. To soften the blow, some investors would like him to mimic his competitor’s record on giving back cash.
After the flood of Black Friday advertisements and mailings, it may be hard for Americans to imagine that there’s a place on earth where the Christmas season matters more to retailers than the U.S. There is: Britain.
Marks & Spencer Group Plc Chief Executive Officer Marc Bolland may have only a year to prove he can revive Britain’s biggest clothing retailer after reporting a sixth straight quarterly drop in non-food sales.
Marks & Spencer Group Plc’s new Chief Executive Officer Marc Bolland plans to add stores in Shanghai and India and strengthen the U.K. clothing retailer’s online offering to boost sales by more than 30 percent in four years.
Marks & Spencer Group Plc Chief Executive Officer Marc Bolland pledged in November to revamp his clothing business by becoming more fashionable. He won’t have much to show for the push when he reports sales tomorrow.
Marks & Spencer Group Plc’s decline in general merchandise sales accelerated in the three months to the end of October, as the retailer pulled forward its mid- season sale, Nomura said, citing Kantar Worldpanel data.
Marks & Spencer Group Plc Chief Executive Officer Marc Bolland needs to revamp the U.K. retailer’s clothing brands and accelerate cost savings rather than pursue capital-intensive overseas expansion, shareholders and analysts said.
Marks & Spencer Group Plc reported the smallest decline in general-merchandise sales in more than two years, signaling that a new women’s clothing collection may be helping the U.K.’s largest clothing retailer regain shoppers.