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Pin to quick picksMarks & Spencer Share News (MKS)

Share Price Information for Marks & Spencer (MKS)

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Share Price: 276.70
Bid: 277.50
Ask: 277.70
Change: -1.70 (-0.61%)
Spread: 0.20 (0.072%)
Open: 278.00
High: 279.00
Low: 275.10
Prev. Close: 278.40
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Marks & Spencer to launch "Sparks" members club

Wed, 14th Oct 2015 23:00

LONDON, Oct 15 (Reuters) - British clothing and foodretailer Marks & Spencer is to launch a new members cluband card scheme called "Sparks", it said on Thursday, seeking tobuild a closer relationship with its customers so they spendmore both in shops and online.

The national launch of Sparks on Oct. 22 follows thebillions of pounds spent by M&S Chief Executive Marc Bolland onthe redesign of products, stores, supply chain logistics and thefirm's website to address decades of underinvestment at the131-year-old retailer.

Having last year shifted the M&S website from a platformprovided by Amazon to one of its own, M&S now has bettercustomer insight. That's encouraged it to try to capitalise onits traditionally strong fanbase among UK shoppers.

"The fresh look that we have taken is a move from loyaltyinto a members club," Patrick Bousquet-Chavanne, M&S executivedirector marketing, told reporters.

"We believe the time is right for M&S to be introducingSparks today ... But most importantly we could not have done itbefore."

A source familiar with the matter told Reuters in June M&Swas looking into launching the Sparks scheme.

Loyalty cards, pioneered by Tesco's Clubcard twodecades ago, are widespread throughout Britain's retail sector.

But unlike the purely transaction-based schemes offeringgeneric discounts run by many other chains, Sparks membershiprewards M&S customers across food, fashion, home and beauty withtailor-made offers, priority access to new season previews and"sale" products, as well as invitations to special events.

For M&S shoppers who register, points -- or Sparks -- areawarded every time they make a purchase, for every 1 pound theyspend, and every time they write a product review or donate oldclothes to charity. Also, each time customers use a Sparks card,M&S will donate 1 pence to a charity of their choice.

In July, M&S reported a dip in first-quarter underlyingsales in its key clothing, shoes and homeware business, asetback after a return to growth in the previous quarter raisedhopes it had rediscovered a winning formula.

Shares in M&S are up nearly a quarter over the last year buthave fallen 2 percent over the last week after some analystsforecast another fall in general merchandise like-for-like salesin its second quarter and cut profit forecasts.

M&S' first half results will be published on Nov. 4. (Editing by Mark Potter)

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