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Marks and Spencer Group plc (04256886) is a major British retailer listed on the London Stock Exchange and member of the FTSE 100 Index.

Founded in 1884, M&S forms a significant element of the UK’s retail fabric operating across 1,025 stores and employing circa 85,000 people. The company specialises in the selling of clothes, home products and luxury food under its Foodhall and M&S Simply Food formulae.

The company is rated the highest score of 5A1 by Dun & Bradstreet representing a ‘minimum risk of business failure’.

AN OPTIMISTIC OUTLOOK

Marks and Spencer has an optimistic outlook with significant management changes and restructuring gaining momentum. The new chairman, Archie Norman, promised radical change and a five-year transformation of M&S’s business in order to ensure longevity and growth. Retail veteran Steve Rowe is the new CEO, Jill McDonald (former Halfords boss) is in charge of the clothing and homewares business and Stuart Machin pledged to lead a radical shake up of the Foodhall business. M&S is now trialing delivering Foodhall in as little as an hour from some stores while Collect By Car shopping has consolidated M&S’s omni-channel approach to retailing.

M&S has a very strong brand and it comes top in almost every metric on the YouGov BrandIndex, beating competition including John Lewis, Sainsbury’s and Next. The latest set of half year sales results for M&S, for the 26 weeks to 30th September 2017, delivered an optimistic outlook.

Marks and Spencer

The latest accounts for the year ending April 2017 show:

Marks and Spencer - Accounts

Key Figures 2017:

Group revenue up 2.6%, compared with an increase of 0.9% for the same period in 15/16.

Clothing and home sales up 5.3% due to better product at lower prices, fewer promotions and two fewer clearance sales.

Food sales up 4.4%, compared with the same period in 15/16, driven by 24 new Simply Food store openings.

UK costs up 4.2% due to new space, investment in improved service and tackling legacy pay and pension issues.

PROPERTIES

King's Lynn

King's Lynn

57-60 High Street, King's Lynn

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Weymouth

Weymouth

4-8 St Mary Street, Weymouth

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Barnstaple

Barnstaple

78-79 High Street, Barnstaple

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Location

Further Information

For further information please contact:

Becky Hance

020 7344 6841
becky.hance@colliers.com

Hannah Greenland

020 7344 6559
hannah.greenland@colliers.com

James Watson

020 7344 6877
james.watson@colliers.com


Colliers International

Colliers International

50 George Street
London W1U 7GA

www.colliersretailcapitalmarkets.com


Misrepresentation Act
Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person employed or engaged by Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. (April 2018). Colliers International is the licensed trading name of Colliers International Property Advisors UK LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered office is at 50 George Street, London W1U 7GA. August 2018.

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