Marks and Spencer: Jill McDonald new Managing Director, Clothing, Home & Beauty to start on 2nd October 2017

London, 2017-Sep-19 — /EPR Retail News/ — Further to the announcement made on 3rd May 2017, and in accordance with paragraph 9.6.12 of the Listing Rules, Marks and Spencer Group plc today (13 Sep 2017) confirms that Jill McDonald will take up the new position of Managing Director, Clothing, Home & Beauty on 2nd October 2017.

As previously announced, CEO Steve Rowe, will relinquish his Clothing, Home & Beauty accountabilities to Jill on her arrival, and CFO Helen Weir, will hand over responsibility for the Clothing, Home & Beauty Supply Chain & Logistics.

For further information, please contact: 
Corporate Press Office
020 8718 1919

Source: Marks and Spencer

MARKS AND SPENCER QUARTER 4 2014/15: Food outperformed the market; General Merchandise performance improved

MARKS AND SPENCER GROUP PLC QUARTER 4 2014/15 TRADING STATEMENT 13 WEEKS TO 28 MARCH 2015

LONDON, 2015-4-4 — /EPR Retail News/ — ‘Food outperformed the market; General Merchandise performance improved’

Marks & Spencer continued to make strong progress against its four priorities for the year:

1) Food business outperformed the market

  • Another strong performance in a difficult market: sales +3.7%; LFL +0.7%
  • Specialist positioning continues to set us apart; record Valentine’s sales
  • New Simply Food stores performing well

2) GM and Womenswear sales performance improved

  • General Merchandise: sales +1.3%, LFL +0.7%
  • Customers recognising continued improvement in product quality and styling
  • M&S.com sales back in growth as planned: sales +13.8%

3) General Merchandise gross margin improvement on track

  • Good progress on gross margin: guidance unchanged at +150 to +200bps
  • Full price sales up, discount participation slightly lower

4) Strong cash generation

  • Improved operating costs performance: guidance improved from c. +2.0% to c. +1.5%
  • Continued tight control of costs and capital expenditure

Marc Bolland, Chief Executive, said:

“We have made strong progress over the quarter. In Food we delivered another excellent performance, with sales growth ahead of the market. We continued to deliver on General Merchandise gross margin, and are pleased that we have achieved this whilst also improving General Merchandise sales. M&S.com has returned to growth, as planned, with further improvement in customer metrics.”

Trading summary

Food sales grew both at total and like-for-like level, as our specialist positioning continued to deliver results, in a difficult, deflationary quarter for the food market. Customers turned to us for special times of the year as well as everyday quality they can trust. We had a record Valentine’s Day and launched over 350 new products over the quarter. We continue to invest in price in order to stay competitive while protecting the gross margin, with full year guidance of +10 to +30bps unchanged.

General Merchandise performance improved this quarter, driven by continued focus on product quality and styling. Our Spring/Summer ranges have been well received by customers, as evidenced by strong improvement in customer research scores, as well as great fashion press coverage, including that of our iconic suede skirt. In line with our plan for the year, we promoted less and focused more on full price sales. However, this was partly off-set by more stock going into the Christmas sale as a result of the unseasonal conditions through the Autumn/Winter season.

Macro-economic issues particularly in our Russia, Ukraine and Turkey franchise partnership, coupled with further weakening in the Euro, have significantly impacted International second half profit.  Our key priority markets such as India continue to perform well.

M&S.com sales returned to growth as planned, with the website metrics including traffic, conversion and customer satisfaction continuing to improve. Our new distribution centre at Castle Donington performed well during the quarter.

Against the backdrop of recovering consumer confidence but continuing low inflation, our strategy remains to become an International Multi-channel retailer with focus on: General Merchandise gross margin and sales; cash flow and continuing growth in Food sales.

Marks and Spencer Group plc will report its full year results on 20 May 2015.

 

Fourth quarter sales

13 weeks to

28 March 2015

Food

–          Like-for-like

+3.7%

+0.7%

General Merchandise1

–          Like-for-like

 +1.3%

+0.7%

M&S.com sales2

 

+13.8%
Total UK sales

–          Like-for-like

+2.7%

+0.7%

International sales3 -3.8%
Group sales3 +1.9%

1Clothing sales were +1.2%, LFL +0.6%

2Memo only

3Stated on ex-VAT and constant currency basis. International sales at actual currency were -6.3% and Group sales were +1.6%.

Statements made in this announcement that look forward in time or that express management’s beliefs, expectations or estimates regarding future occurrences and prospects are “forward-looking statements” within the meaning of the United States federal securities laws. These forward-looking statements reflect Marks & Spencer’s current expectations concerning future events and actual results may differ materially from current expectations or historical results. Any such forward-looking statements are subject to various risks and uncertainties, including failure by Marks & Spencer to predict accurately customer preferences; decline in the demand for products offered by Marks & Spencer; competitive influences; changes in levels of store traffic or consumer spending habits; effectiveness of Marks & Spencer’s brand awareness and marketing programmes; general economic conditions or a downturn in the retail or financial services industries; acts of war or terrorism worldwide; work stoppages, slowdowns or strikes; and changes in financial and equity markets.

For further information, please contact: 

Investor Relations:

Majda Rainer+44 (0)20 8718 1563
Helen Cox+44 (0)20 8718 8491

Corporate Press Office:+44 (0)20 8718 1919
Out of hours calls:+44 (0)20 8718 2000

Investors & Analysts Conference Call:

This will be hosted by Marc Bolland at 8.30am on Thursday 2 April 2015:

Dial in number: +44 (0)20 3427 1901
Access Code: 8933609

A recording of this call will be available until 17 April 2015:

Dial in number: +44 (0)20 3427 0598
Access Code: 8933609

– Ends –

Top Brand Clothing and More on a Budget from Top Stores with New DiscountVouchers.co.uk Deals

Money off leading brands for May and the summer can be had this week thanks to new deals introduced online by voucher codes website DiscountVouchers.co.uk. The deals specialist offers consumers savings at over 800 of the country’s leading names, with this week’s discount codes on show being for the likes of Marks and Spencer, Matalan, The Body Shop and Virgin Wines.

New clothing and top brand wine for the summer and beyond can be saved on using the latest choice of deals available on the DiscountVouchers.co.uk website this week. Marks and Spencer is one of the most popular names in UK retail and shoppers can this week get new Marks and Spencer voucher codes for saving there – deals to be had right now include 50% Off Louis Chaurey Champagne – For a Case of 6, Save 25% When You Buy Any 2 Cases of Australian Wine (Cases of 6) and Mix & Match – 2 Women’s Tops for £8.

More great brands can be had on a budget this month thanks to new DiscountVouchers.co.uk deals for stores like Matalan, The Body Shop, Virgin Wines and more. Shoppers can download a choice of new Vouchers this week which includes offers like Women’s Summer Essentials From £3 at Matalan, EXCLUSIVE Buy 6 Bottles of Wine + Get 6 Free plus 2 FREE Crystal Glasses. Now ONLY £47.44 at Virgin Wines and 25% OFF Bath & Body Products at The Body Shop.

Doug Scott, managing director of DiscountVouchers.co.uk, says, “Making the most of a budget remains as important as ever for UK consumers, so we’re pleased to be able to help them out right now. Money off at M&S, Matalan, Virgin Wines and The Body Shop can really help people to get more for their money this month.”

DiscountVouchers.co.uk offers consumers money saving deals at major high street brands and specialist retailers, including stores like Tesco, Marks & Spencer, Sainsbury’s, Travelodge, First Choice, lastminute.com and Boden.

For more information visit www.discountvouchers.co.uk

Via EPR Network
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Online voucher codes specialist helps UK consumers save on clothing and furniture for summer season

Voucher codes specialist DiscountVouchers.co.uk has introduced a range of new offers from top stores to help Brits get kitted out with fashions and furniture for the summer season. The website, which helps consumers save at over 800 stores and suppliers, this week introduces new deals redeemable at Debenhams, Homebase and Marks and Spencer.

Debenhams is one of the country’s favourite stores and to help UK consumers get as much as possible for their money right now DiscountVouchers.co.uk has introduced a choice of new Debenhams discount code. The deals on show include money off furniture and fashions thanks to 20% off home and furniture items, free delivery and returns plus also 25% off women’s occasion wear.

With the summer season on the way the DiscountVouchers.co.uk site is also home to new deals and Homebase vouchers for giving the garden an overhaul. Online right now are new deals including up to half price off garden furniture, 1/3 off BBQs and 20% off lawnmowers.

Marks and Spencer remains one of the country’s favourite clothing retailers and a watchword for quality and value. Right now however the new DiscountVouchers.co.uk deals can help people to save more there thanks to new Marks and Spencer voucher codes offering buy 1, get 1 half price on all luxury shirts and 2 women’s plain t-shirts for £10.

Claire Hayes, spokesperson for DiscountVouchers.co.uk, says, “We always enjoy helping our site users save at big name stores like Debenhams and M&S when buying clothing, and likewise Homebase for outdoor items like barbecues. These new deals are perfectly timed ahead of the summer season.”

DiscountVouchers.co.uk offers consumers money saving deals at major high street brands and specialist retailers, including stores like Tesco, Marks & Spencer, Sainsbury’s, Travelodge, First Choice, lastminute.com and Boden.

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Shoppers Can Make Massive Savings On Top Name Fashions For Spring And Summer Seasons

UK consumers looking to refresh their wardrobes ahead of the Spring and Summer are able to get hold of big bargain on top brands and labels thanks to the latest vouchers from website DiscountVouchers.co.uk. The site has introduced new clothing codes and is home to deals at over 300 top stores.

Shoppers Can Make Massive Savings On Top Name Fashions For Spring And Summer Seasons

This spring and summer consumers are able to get hold of the latest spring and summer styles via the latest Marks & Spencer voucher codes. So no matter what the shoppers are looking for, whether it is new swimming gear or formal wear for the evening, the website is the place to find a bargain.

Many top stores feature in the latest deals, with savings available on boutique clothing such as new Joules clothing voucher codes. Joules boasts new styles and fashions for all ages, from babies through to mums and dads.

For the females of the house there are great bargains to be found at leading high street favourites, with the new vouchers and codes including Dorothy Perkins voucher codes. Ladies can go into the Spring and Summer with big savings on top brands.

Simon Terry, managing director of DiscountVouchers.co.uk, comments, “People like to freshen up their wardrobes ahead of the spring and summer and we can help them do so with our new deals on great labels and brands this month.”

Via EPR Network
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