Find in the news:
BY COUNTRY

Marks & Spencer feel effects of profit dip



The pressure is mounting for the UK’s biggest clothing retailer.
Marks & Spencer Group Plc (MKS) has shown a drop in annual profit for the third time. This has placed enormous pressure on the CEO Marc Bolland to improve sales.


The retailer showed a decline in pre-tax profit of 3.9% to £623m ($1bn) for the year ended March 29. This is a huge drop from £665.2m in the previous year. The figure was above the analyst estimated amount of £614.5m, Bloomberg says.


Although Marc Bolland has spent about £2.3bn during the last three years on store improvement, women’s wear and its online business, it has not resulted in increased profits. The earnings and market value of the company is now below that of Next Plc, although it shows sales of more than double that of Next.


Bolland stated that they recognised the investment needed to transform the business three years ago. Solid progress was being made and the focus is now being placed on delivery.


The company forecasts improved profits in the next 12 months, such as a 1% gross margin improvement in the general merchandise unit, and 0.3% in the food division during the second half of this year.

More about shopping malls in the United Kingdom



Dec 25, 2023, United Kingdom:
Nestled in the historic heart of London and renowned for its Georgian-era architectural splendor.
Dec 25, 2023, USA:
The company emphasized that cost-cutting is a pivotal focus for its future endeavors.
Dec 22, 2023, United Kingdom:
The sports giant has joined a long list of international brands that will open their store doors at Trinity Leeds shopping center.
Dec 22, 2023, Austria:
The brand will present at iconic locations such as Cortina d'Ampezzo in Italy, Zermatt in Switzerland, and Hochzillertal-Kaltenbach in Austria.
Dec 21, 2023, USA:
Italian fashion house has sealed a deal to acquire the building housing its flagship store.
Dec 21, 2023, Mexico:
Luxury French fashion house Zadig & Voltaire has unveiled its boutique in Mexico City.
Friend
and Follow
Dolphin mall GLA:1 400 000 SF
ADDRESS: 11401 N.W. 12th Street Miami, FL 33172
USA . Miami
Dolphin mall
Ontario Mills GLA:1 473 000 SF
ADDRESS: 1 Mills Cir, Ontario, CA 91764-5207
USA . Ontario
Ontario Mills
Cabot Circus GLA:990 280 SF
ADDRESS: Glass House, Bristol BS1 3BX
United Kingdom . Bristol
Cabot Circus
Charlotte Premium Outlets GLA:400 000 SF
ADDRESS: 5404 New Fashion Way Suite 100, Charlotte, NC 28278
USA . Charlotte
Charlotte Premium Outlets


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us