Property Week, in association with Brook Intelligence, has produced this comprehensive company report on one of the UK’s largest retailers Marks and Spencer, with 20 million people visiting its stores each week.
M&S ended its latest financial year with revenues of just over £10bn, struggling to rise even 1% on FY12, adding over 410,400 sq ft of space through new stores, developments and extensions. Meanwhile profit before tax fell 14%.
The group’s Achilles’ heel remains womenswear which has posted seven consecutive quarters of underlying sales falls. Online sales have been strong, increasing 16.6% on FY12, while profit before tax fell 14%. During the year M&S added over 410,400 sq ft of space through new stores, developments and extensions.
The 16 page report - available to download here for free - provides:
- Key financials and future outlook
- Company strategy
- SWOT analysis
- Profiles of key senior management
However, this means the Group will reduce capital expenditure in the UK from FY14 onwards with a target of adding only circa 2% of extra space in the UK but 15% internationally. International growth is a key part of the Group’s strategy. As of May 2013 M&S traded in 51 territories from 418 stores - 5.4 million sq ft - with plans to grow in specific priority markets including India, China and Russia. In 1H13 M&S opened 19 new international stores.
Brook Intelligence Centre
Brook Intelligence Centre provides business intelligence from company profiles and sector/country overviews to client and competitor tracking.