Marks & Spencer buys Jaeger out of administration
Marks & Spencer today confirmed it has bought fashion brand Jaeger, which collapsed into administration last year.
Source: cityam.com
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M&S clothing sales hit by COVID and trading restrictions in Christmas quarter
The retailer says its outlook could also be affected by "potential tariffs" on part of the range it exports to the EU.
Source: sky.com
TOP NEWS: M&S Clothing In Bruising Festive Lockdown Hit But Food Grows
TOP NEWS: M&S Clothing In Bruising Festive Lockdown Hit But Food Grows Fri, 8th Jan 2021 07:58 (Alliance News) - Marks & Spencer Group PLC on Friday said its Christmas trading was "robust" though a nationwide lockdown in England proved costly, causing revenue in its Clothing & Home unit to tumble more than 40% in November alone. For the whole of the retailer's third quarter ended December 26, group revenue fell 8.4% yearly to GBP2.77 billion. In the UK arm alone, revenue fell 8.2% to GBP2.53 billion and was down 7.6% on a like-for-like basis. By unit, it was a familiar story for the mid-cap...
Source: lse.co.uk
M&S clothing sales hit by trading restrictions in Christmas quarter
The retailer says its outlook could also be affected by "potential tariffs" on part of the range it exports to the EU.
Source: sky.com
Marks & Spencer sees festive sales slump
Marks & Spencer's clothes sales overall fall nearly a quarter, but pyjamas are back in fashion.
Source: bbc.co.uk