Table of Contents Introduction The primary objective of this report is to provide a financial performance analysis of Marks & Spencer group plc. This will be achieved by a detailed ratio analysis on financial data available in latest annual report of the company for the year ended March-2013. The attention during ratio analysis will be on horizontal and vertical analysis as well as the comparison of these ratios with the industry. Moreover, the report will also give a brief business analysis of the company. Reason of selecting the company Marks & Spencer is a large company listed on various stock markets, which a widely spread operations in many countries. The size of operations of the company and high reputation in the …show more content…
Marketing and promotion: The aggressive marketing and promotion is strength to the company from several years. It has implemented many successful advertising and promotional strategies over the time which includes new format of UK stores “Brighter look”, “Your M&S” slogan, “Quality worth every penny” etc. Increased focus on corporate governance: M&S is investing increasingly in corporate governance from past few years i.e. in Plan A. This is one of the strengths which will ultimately increase the value of the company. Mark and Spencer weakness are: Lack of segmentation: M&S is targeting more on middle age women, whereas clothing market has many segments which are not effectively targeted by the company. For example, younger generation prefer other brands like GAP, NEXT etc., as discussed by Petah Marian. Declining profits: Mark & Spencer’s profits are declining over the period. The company’s share price is almost at half of what it was few years ago. Weak online shopping facility: The Company is relatively new in online selling and need improvement in this regards. The company’s brand image in clothing and increasing business in food sector together with successful marketing strategies will ensure sustainability of business. M&S is investing in Multi-channel store (online stores) to increase its capabilities in this field which will be fruitful for the company in future as it already showed quit improvement in online sales. Further, the company’s commitment
M&S are one of the UK's leading retailers of clothes, food, home products and financial services. Some 10 million people shop with us each week in over 375
Marks and Spencer face many ethical issues in their daily activities and these affect the public and their business in different ways.
The main source of data presented in this paper is the official website of Marks and Spencer. The details of links are provided at the end of this paper under the title of References.
Technology is very important in the retail market. In order to grow your business, make their business more secure and complete with the competitors, Marks and Spencer has to move along with the new technology. To do this they must manage their brands carefully. Major brand marketers often spend huge amounts on
Marks and Spencer (M&S) p.l.c. is one of the largest retailers in the United Kingdom with a selling space of 12.5 million square feet, was established in 1884 as ‘Penny bazaar’. M&S sells clothing, food, footwear, gifts and home furnishings in its 760 stores around the world. The company’s wholly own and franchise stores operates in Europe, Hong Kong, Far East, Australia, Middle East, the Bahamas and Bermuda making a total of 34 countries.
Predominantly M&S are known as a clothing retailer but has grown organically into food and furnishings but, market watchers tend to judge their performance on the
Marks and Spencer (M & S) was started by Michael Marks and later joint by a partner Tom Spencer in 1884. It is one of the largest British retailers that sold clothes, home furnishings, food, gifts etc. and was formerly known as St. Michael. It has markets in Europe, Far East, America and Asia. The company suffered a series of losses and a dip in the market share from a few years before the stepping down of the then CEO, Sir Richard Greenbury, in 1999. In 2001 the company underwent a drastic strategic change and the
Marks and Spencer founded in the late 1800’s by Michael Marks and Tom Spencer started out as open stalls all over Britain which grew into one of the largest and most popular retailers in the UK, ‘in 2010 they had 885 stores’. Marks and Spencers gained their reputation in the early 1980s when they adopted a policy of selling only British made clothing and food and started selling under the brand of St. Michael. Also their returns policy which gave cash returns to customers no matter when the bought the item made them popular. Marks and Spencer continued grow steadily and the profitability of the company peaked in 1998 when it became the first British retailer to make profits of £1 billion. However shortly after this the company saw a decline in profits and fell into a bit of financial trouble. With change and the introduction of a number of key CEO’s the company recovered and won back the
Marks & Spencer is a British retailer with over 800 stores in more than 30 countries around the world. It is the largest clothing retailer in the UK, aswell as being a food retailer. Most of it’s domestic stores sell both clothing & food, and since the year 2000 Marks & Spencer have started to expand into other ranges
It was founded in 1884; M&S has grown from one market to an international, multi – channel retailer. The shop sells high quality cloth with a good value and
Marks and Spencer plc is a public limited company this means that they trade on stock markets such as the London stock exchange, and
Marks and Spencer Plc. (M&S) is a major British multinational retailer. Located in London, the company has for a long time been specializing in selling of clothes, home products and luxurious food products (Thomson, 2013). On a weekly basis, there are more than 21 million people who are served by the entity. The principal sources of the company’s’ products have been for a long time stood at 2,000 suppliers in the entire world, which is a competitive rate when compared to other market players. In order to achieve its efficiencies in operations and information system management, the company’s’ core values have been based on the quality, value, service, innovation and trust
Marks & Spencer was once a top-of-the-line company in terms of its quality and selection. However, it is reported that the company has become" an out-of-date, uncompetitive blur on the UK stock market. The decline for Marks & Spencer began in the latter part of the 1990s and due to the pressure of a "changing economic demand causing Marks & Spencer to undergo continual business realignment"¦" (IBM, Ltd. 2005, p.1)
Marks and Spencer is a major British multinational retailer headquartered in the City of Westminster, London. It specializes in the selling of clothing, home products and luxury food products. M&S was founded in 1884 by Michael Marks and Thomas Spencer in Leeds. “M&S has grown from a single market stall to an international, multi-channel retailer, selling stylish, high quality, great value clothing and home products, as well as outstanding quality food, responsibly sourced from around 3,000 suppliers globally. M&S have almost 800 stores throughout the UK.” It is the biggest and strongest competitor for Next.
Marks & Spencer is founded by Michael Marks and Thomas Spencer. Since starting in 1884 by selling clothes for men and women, the company has grown in the UK and soon in the rest of the world they experienced tremendous market strength and even expanded their items from food, wine, beverages and household items. In the 19th century they expanded to more than 1,250 stores in the UK and major cities in different countries worldwide. It also gained more than 85,000 employees during this decade. In the mid of the 19th century, however, it is challenged by the competition that weakened their clothing and fashion for men and women, their popularity began to subside.