Marks & Spencer is one of the largest retail stores in the United Kingdom. It also operates in at least 40 other countries around the world. In the UK alone, Marks & Spencer has over 600 retail stores and its core products are fashion products. (Bevan 2007). More specifically it sells men and women clothes, kids wear as well as other home appliances such as furniture.
Writing in the Financial Times, Audrey (2009, p.16) notes that Marks & Spencer just like other retail giants around the world was “badly hit by the recent economic crisis that swept major economies in the ...