MARKS & SPENCER

Marks & Spencer

Marks and Spencer

Q.1.

Ans.

Marks and Spencer PLC was founded in 1884 by Michael Marks, a Russian-born Polish refugee, and has since grown into one of the largest retailers in the UK. (Marks & Spencer) Marks & Spencer traded successfully through the important Christmas period. Marks and Spencer Group (M&S) is a leading retailer of clothing, foods and home ware in the UK. The company operates in about 41 countries worldwide with UK as its primary market. It is headquartered in London, UK and employs about 75,000 people. The company recorded revenues of £9,022 million (approximately $18,113 million) during the financial year (FY) ended March 2008, an increase of 5.1% over 2007. The operating profit of the company was £1,211.3 million (approximately $2,431.9 million) during FY2008, an increase of 15.8% over 2007. The net profit was £821.7 million (approximately $1,649.7 million) in FY2008, an increase of 24.5% over 2007.

The company's strong market position is supported by its large network of stores in the UK and international markets. It operates 665 stores in the UK. In addition, M&S's international franchisees operate 291 stores in about 40 countries. The company's strong market position and market leadership enhances its brand image and provides M&S with a competitive advantage.

Q.2.

Ans.

Marks & Spencer stores sell clothes, food, home products and financial services in more than 1000 outlets across the world. Marks and Spencer Group plc (M&S) is the holding company of the Marks & Spencer Group of companies. M&S is a UK retailer of clothing, foods and home ware. It operates through both wholly owned stores and franchise stores. As of September 2008, the group operated 665 stores in the UK. M&S's international franchisees operate over 291 stores in over 40 territories. Though the company primarily reports in terms of geographic segments (UK ...