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British retailer Marks & Spencer (M&S) has reassured its commitment to the Philippine market, despite the termination of its long-standing franchise agreement with SSI Group. This comes in response to speculations that the retailer was planning to withdraw…
The continued closure of stores and generous discounts across the Philippines have led to speculation about the sustainability of Marks & Spencer’s (M&S) local operations. This comes as the brand’s long-time franchise partner starts to shut down several…
A new M&S halal range announced in the UK has been confirmed as destined for Asia. The launch of halal-certified ready-meals will make the retailer the first major English supplier in the category. The firm’s franchise partner in Singapore, Hong Kong and…
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…
Marks & Spencer Singapore has opened a full-scale concept store in VivoCity bringing a vast array of its own-brand fresh foods and beverages to the city, some for the first time. The 15,500sqft store offers a broader range of fashion, a new food hall and…
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.…
The Marks & Spencer Hong Kong and Macau business is expected to be sold to the UK department store’s long-established Middle Easter franchise partner Al-Futtaim. M&S issued a statement overnight confirming the two parties were in talks over a deal where the…
Marks & Spencer (M&S) has launched a premium boutique concept in Kuala Lumpur, in Sunway Velocity Mall. Covering more than 10,600 sqft (985 sqm), the M&S boutique concept – the first of its kind in Malaysia – features large mirrors and seasonal imagery. A…
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…
In just five years, British lingerie retail startup Boux Avenue has made it into the top 15 brands in women’s underwear. Despite facing growing pressure from Primark and H&M, following significant range expansion and improved design and quality in their…
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…
After poor quarterly performances from Marks & Spencer’s general merchandise division, the full year results come as no surprise, with UK full-year like-for-like sales falling 1.1 per cent. That followed a drop of 1 per cent the previous year. Today sees the…
Only the very bravest of investor should consider retaining BHS in its current dilapidated state. But if such a buyer cannot be found, and a BHS breakup ensues, with the store estate sold to other retailers, Marks & Spencer and Debenhams would be the main…
UK department store Marks & Spencer (M&S) will close five stores in Shanghai. But the company says it remains committed to China as a market and will still proceed with opening new stores in Beijing and Guangzhou between now and the end of 2016. “As announced…
Pressure was mounting on the chief executive of Marks & Spencer, Marc Bolland, on Monday night as investors digested the retailer’s decline in sales over the crucial Christmas trading period. One of the City’s most influential fund managers said questions…
