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British retailer Marks & Spencer will be closing its outlet at Raffles City Shopping Centre on Dec 31, but its 10 other stores islandwide will remain open. In the advertisement, it said that there are discounts of up to 70 percent for its items. The closure…
Marks & Spencer Singapore will open its Jewel Changi store this Wednesday. The 13,000sqft space offers M&S’s clothing and accessories across womenswear, menswear, lingerie and kidswear. The store also features Food Hall which will include nearly 3000 lines of…
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. According to a report, Marks & Spencer has opened its first store here way back in…
Marks & Spencer (M&S) is a British multinational retailer which households across the world. With an annual turnover of over £10.6 billion and global operations, keeping such a large business moving requires a balancing act of behind-the-scenes logistics and…
Marks & Spencer UK reportedly plans to axe more than 300 jobs across the UK as it continues its restructure to counter falling sales. As reported seeing documents proposing 351 job cuts, almost all of them in management roles, including operations, section…
British department store retailer Marks & Spencer will close a further 40 stores in its home market as it struggles to improve its bottom line. According to reports, M&S will announce which of its 140-strong full-store network will close on Wednesday UK time,…
Marks & Spencer has confirmed the sale and franchise of its retail business in Hong Kong and Macau to its long-established franchise partner Al-Futtaim. The two companies all but confirmed the sale in August and settlement took place on December 30.…
UK department store chain Marks & Spencer is about to announce further store closures along with reduced profits amid worsening high-street trading conditions. Last year, the company announced the closure of 30 stores, but The Guardian newspaper reports a…
Amazon India has applied to the government to invest US$500 million in a wholly owned venture that will allow the US eCommerce giant to stock locally produced food items and sell them online. If successful, it would become the first foreign retailer to enter…
John Lewis fashion sales rose a tremendous 7.2 per cent over Christmas – eclipsing the UK department store’s rivals, even robust performances by Debenhams, M&S and House of Fraser. Own brand collections continued to strengthen throughout 2016, with the…
Fashion chain Next needs to carefully rethink who its customers are and how best to attract them to avoid falling into the same trap as M&S, says a retail analyst. The UK-based retailer has released its fourth quarter results for 2016, described by Emily…
US private-equity company General Atlantic has made its first investment in Indonesia by buying into lifestyle retailer Mitra Adiperkasa (Map). It has subscribed for Rp1.08 trillion (US$80.5 million) in bonds issued by Map which are convertible into shares in…
UK retailer Marks & Spencer announced on Wednesday that it will pull out of the Chinese mainland market and close all the 10 stores amid shrinking profits, according to a statement the company sent to the Global Times on Wednesday. “Our review has shown that…
Marks & Spencer is reportedly due to announce the closure of some of its Chinese shops when it releases its trading update next week. There is speculation that chief executive Steve Rowe will reveal his plans to help bring the department store chain back into…
New Look, a fast-fashion retailer bearing a striking similarity to Forever 21, is aiming to boldly go where many chains have gone before but few have succeeded. The British retailer’s chief executive officer, Anders Kristiansen, has made no secret of his…
Shopper-engagement platform Sprooki will launch in Indonesia next month at the 125,000 sqm Supermal Karawaci retail precinct in western Jakarta. It will be integrated with the precinct’s touchpoints and mobile apps, allowing retailers to offer customers…
