Turnover: 11.8 billion EUR (2020)

Country: United Kingdom

Marks and Spencer Group plc is a large British multinational retailer headquartered in London, England, specializing in the sale of clothing, homeware and food products, mainly under its own brand name

The brand announced the closure of 100 stores in May 2018, by 2022.

january 11, 2021 - the impact of Brexit on M&S delivery chains - source(LSA)

  • Delivery problems due to Brexit in fresh and prepared products
  • Withdrawal from France in 2001, then return in 2011
  • 21 franchised stores in France

august 18, 2020 - change of course for M&S - source(Ouest France)

  • 7,000 jobs cut due to lower store traffic during the pandemic
  • Gradual change of strategy in response to changing consumer habits as they become more digital
  • M&S relies on its partnership with online platform Ocado for food distribution
  • Decline in clothing sales, but increase in food sales

News

Marks & Spencer: victim of Brexit, the British retailer is leaving France (again). 14/12/2021

  • British retail is in crisis.
  • Marks & Spencer is closing in France, which will bring a loss of 7,000 jobs, the Brexit is seen as the cause of this closure.

Studies mentioning this company

The ready meal market - France

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The Handbag Market - United Kingdom

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The ice cream and sorbet market - UK

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