GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMarks & Spencer Share News (MKS)

Share Price Information for Marks & Spencer (MKS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 310.30
Bid: 310.20
Ask: 310.30
Change: 0.20 (0.06%)
Spread: 0.10 (0.032%)
Open: 310.50
High: 310.50
Low: 307.40
Prev. Close: 310.10
MKS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 3-Primark the star attraction as England's stores reopen after lockdown

Mon, 15th Jun 2020 10:01

* Non-essential retail closed since March 23

* Queues at reopened stores

* Shopper numbers up 42% week-on-week - Springboard

* Stores must adhere to social distancing regulations
(Updates Next reopenings)

By James Davey

LONDON, June 15 (Reuters) - Long queues of shoppers snaked
around stores in England on Monday, with discount fashion
retailer Primark proving a particular draw as shops reopened
their doors after 83 days of lockdown.

Queues formed from early morning outside several branches of
Primark, which does not sell online so has not made a penny in
the UK for months.

The chain reopened some of its stores early, including its
biggest in Birmingham, to avoid overcrowding as hundreds of
people lined up outside. At its Leeds store, the estimated
afternoon wait time to get in was up to an hour.

There was also a big queue outside the Nike Town store on
London's Oxford Street, the capital's busiest shopping street,
with many shoppers ignoring social distancing rules.

Department stores, clothing retailers, electrical outlets,
bookshops and other non-essential stores have been closed since
March 23 when Prime Minister Boris Johnson imposed a lockdown to
limit the spread of the coronavirus.

The reopening only applies to England, with stores in
Scotland and Wales waiting for guidance from their devolved
administrations on when they can resume trading. Non-essential
stores in Northern Ireland reopened on Friday.

The UK government is encouraging people to go out and spend
to help boost the economy, which shrank by a quarter over March
and April.

The British Retail Consortium reckons the lockdown has cost
non-food stores 1.8 billion pounds ($2.3 billion) a week in lost
revenues.

"The government's priorities have always been lives first,
but clearly restoring livelihoods, protecting jobs, making sure
our economy can motor and recover again is really important,"
business minister Paul Scully told Sky News.

STORES LOOKING DIFFERENT

Retail footfall across England's retail destinations had
increased by 41.7% up to 1100 GMT in comparison to last Monday,
researcher Springboard said.

Stores look very different, though, as they must observe
social distancing regulations. As well as having to queue
outside as numbers inside are restricted, shoppers are greeted
with hand sanitisers and there are limits on touching and trying
out products.

Some chains are reopening all their English stores, while
others are taking a phased approach.

Primark, owned by Associated British Foods, reopened
all its 153 stores, while Marks & Spencer, which has
traded online and kept its food halls open, reopened the
majority of its clothing space.

Rival Next reopened 64 stores, having already
reopened 64 homeware stores during the lockdown. John Lewis
reopened just two outlets.

Many small independent stores, where it is difficult to
implement safe social distancing practices, remained closed.

Sofie Willmott, an analyst at GlobalData, said that while
the queues on high streets might look promising for retailers,
there were tough times ahead.

"Footfall and spending will take a long time to return to
pre-COVID levels," she added.

($1 = 0.7973 pounds)
(Reporting by James Davey; Editing by Mark Potter and Pravin
Char)

More News
10 Oct 2023 08:44

TOP NEWS: UK grocery price inflation cools; sales lifted by promotions

(Alliance News) - UK grocery price inflation cooled to a seventh-month low of 11% in the four weeks to October 1 as prices of staple foods dropped, according to survey data from Kantar on Tuesday.

Read more
29 Sep 2023 12:21

Broker tips: Marks & Spencer, Intertek, Landsec

(Sharecast News) - Bank of America Merrill Lynch upgraded Marks & Spencer on Friday to 'buy' from 'neutral' as it argued the stock is still too cheap and consensus earnings too low.

Read more
29 Sep 2023 10:58

BofA Merrill Lynch upgrades Marks & Spencer to 'buy'

(Sharecast News) - Bank of America Merrill Lynch upgraded Marks & Spencer on Friday to 'buy' from 'neutral' as it argued the stock is still too cheap and consensus earnings too low.

Read more
29 Sep 2023 09:15

LONDON BROKER RATINGS: Goldman Sachs cuts WPP; Shore raises LandSec

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more
22 Sep 2023 08:42

LONDON MARKET OPEN: Stocks slip after central bank rate calls

(Alliance News) - Stock prices in London opened lower on Friday, but managed to avoid the steep declines seen in New York, as investors mulled over an eventful week dominated by central bank decisions.

Read more
21 Sep 2023 12:20

LONDON MARKET MIDDAY: Sterling slumps as BoE ends hiking streak

(Alliance News) - Stocks in London perked up heading into Thursday afternoon after the Bank of England, like the Federal Reserve, decided against a hike, hurting the pound.

Read more
19 Sep 2023 14:22

Director dealings: M&S non-exec invests, Brooks Macdonald CEO deals with options

(Sharecast News) - Marks & Spencer was among those on the list of director buys on Tuesday after a non-executive director picked up more than 9,000 shares.

Read more
19 Sep 2023 07:03

Ocado holds guidance as Q3 retail sales rise 7.2%

(Sharecast News) - Online grocer and technology company Ocado maintained annual guidance after a 7.2% rise in third-quarter retail revenues.

Read more
13 Sep 2023 09:29

LONDON BROKER RATINGS: Goldman Sachs likes HSBC; RBC raises CVS

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
13 Sep 2023 07:48

LONDON BRIEFING: St James's Place appoints new chief Mark FitzPatrick

(Alliance News) - Stocks are called to open lower on Wednesday, as traders remain cautious ahead of a highly awaited US inflation report.

Read more
12 Sep 2023 08:46

TOP NEWS: UK grocery price inflation cools to lowest level in a year

(Alliance News) - Annual grocery price inflation in the UK decelerated to 12.2% in the four weeks that ended September 3, from 12.7% a month before, according to survey data from Kantar on Tuesday.

Read more
11 Sep 2023 06:56

UK retailers warn chancellor against GBP400m business rates hike

(Alliance News) - Bosses of a raft of Britain's biggest retailers, such as Tesco PLC, Marks & Spencer Group PLC and Kingfisher PLC's B&Q, have urged Chancellor Jeremy Hunt to freeze their property taxes to avoid a roughly GBP400 million hike.

Read more
6 Sep 2023 09:32

LONDON BROKER RATINGS: Shore says 'buy' B&M; Peel Hunt likes Halfords

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
6 Sep 2023 09:02

LONDON MARKET OPEN: Stocks fall amid high oil prices

(Alliance News) - Stock prices in London opened lower on Wednesday, as high oil prices gave rise to fears of renewed inflationary pressures and interest rate hikes.

Read more
31 Aug 2023 17:02

Miners drag FTSE 100 lower to snap 6-day winning streak

Glencore among top losers on FTSE 100

*

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.