Last checked at 18 Jan 2024 12:47
M&S to invest £30m in Scottish stores
(Sharecast News) - Marks & Spencer Group is to invest £30m overhauling its Scottish offering, including closing one of its stores in Aberdeen, the retailer said on Thursday.
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Marks & Spencer Information
Share Price Information for Marks & Spencer (MKS)
Share Price is delayed by 15 minutes
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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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Mon, 06th Jan 2014 07:50
UK online sales reached a new record in December while high street retail sales fell this Christmas, a new report from accountancy firm BDO revealed.December non-store sales jumped 31.1%, rising to growth of 55.7% in the week before Christmas.Traditional high street retail sales, on the other hand, dropped by 2.2% last month.Independent retail consultant Richard Hyman told the Financial Times that online purchases accounted for almost 20% of total retail sales - up 5% on 2012.Non-food online sales accounted for around a third of all Christmas sales.Like-for-like sales, excluding online trade, declined by as much as 6.7% in the week to December 22nd.BDO said a 3.5% increase in the week to December 29th failed to lift the overall performance in December, which was down 2.2% on the prior year."Following on from what was a solid month of trading in November, many retailers will have been left disappointed by a month of lacklustre consumer demand in the crucial Christmas trading period," BDO said in a statement. "Pent-up demand was expected to play a larger role as we moved closer to Christmas day but in reality it never fully took hold."Debenhams issued a profit warning last week after reporting weak trading despite aggressive discounting.However, strong trading came from fashion chain Next and department store rivals John Lewis and House of Fraser.Marks & Spencer, which also cut prices in the run up to Christmas to attract shoppers, is due to report on Thursday, when the retailer is expected to reveal a challenging season.RD
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17 Jan 2024 16:55
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Britain's Ocado Retail pauses new sites for two to three years
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*Read more16 Jan 2024 09:08
Britain's Ocado Retail won't open new sites in next 2 to 3 years -CEO
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*Read more16 Jan 2024 07:09
Britain's Ocado Retail returns to positive earnings in 2022/23 year
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Read more11 Jan 2024 17:24
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*Read more11 Jan 2024 17:03
11 Jan 2024 16:53
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Read more11 Jan 2024 16:34
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Read more11 Jan 2024 12:02
Partying Britons boost Tesco and M&S at Christmas but cautious for new year
LONDON, Jan 11 (Reuters) - Britons splashed out on premium and party food at Tesco and Marks & Spencer over Christmas, prioritising treats at home over eating out, and favouring the biggest retailers for their festive spending in still tough economic conditions.
Read more11 Jan 2024 12:00
LONDON MARKET MIDDAY: Stocks level out as US inflation nerves kick in
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Read more11 Jan 2024 09:44
Tesco raises profit outlook again after strong Christmas sales
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