PYX Resources: Achieving volume and diversification milestones. Watch the 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: 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
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
26 Mar 2024 08:48

Ocado, M&S still talking over final payment for Ocado Retail JV-CEO

LONDON, March 26 (Reuters) - Conversations between Ocado and Marks & Spencer over the final payment for the pair's Ocado Retail joint venture are ongoing, said Ocado Retail's chief executive Hannah Gibson. (Reporting by James Davey; Editing by Kate Holton)

Read more
26 Mar 2024 08:41

TOP NEWS: Grocery inflation hits 2-year low while sales get Easter boost

(Alliance News) - Grocery price inflation eased further in March, while early Easter treats gave sales a boost, new data showed on Tuesday.

Read more
26 Mar 2024 07:22

Ocado Retail sees strong first-quarter growth

(Sharecast News) - Ocado Group reported strong trading at its Ocado Retail venture in the first quarter on Tuesday, with an 8.1% year-on-year increase in total item volumes propelling retail revenue to £645.3m, itself up 10.6%.

Read more
26 Mar 2024 07:03

Ocado Retail quarterly sales up 10.6% as it wins more customers

LONDON, March 26 (Reuters) - British online supermarket Ocado Retail kept its guidance for its 2023-24 year after reporting a 10.6% increase in revenue in its latest quarter that reflected growth in customer numbers. (Reporting by James Davey, Editing by Paul Sandle)

Read more
18 Mar 2024 06:59

PRESS: M&S and HSBC planning loyalty "superapp", seven-year deal — Sky

(Alliance News) - Marks & Spencer Group PLC and HSBC Holdings PLC are preparing plans to announce a new seven-year deal that includes the creation of a loyalty "superapp", Sky News reported Sunday.

Read more
11 Mar 2024 16:51

LONDON MARKET CLOSE: Stocks mixed ahead of US inflation data

(Alliance News) - Stock prices in London closed mixed Monday, as investors nervously look ahead to some key data from the UK and US, which could help shape the latest interest rate decisions.

Read more
11 Mar 2024 14:48

London close: Stocks mixed as investors look to US inflation data

(Sharecast News) - London markets closed in a mixed state on Monday, reflecting a broader trend of cautious trading after a primarily weaker session in Asian markets overnight.

Read more
11 Mar 2024 10:03

LONDON BROKER RATINGS: Citi, Macquarie cut Virgin Money to 'neutral'

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

Read more
11 Mar 2024 09:03

RBC Capital upgrades Marks & Spencer to 'outperform'

(Sharecast News) - RBC Capital Markets upgraded Marks & Spencer on Monday to 'outperform' from 'sector perform' and lifted the price target to 300p from 285p.

Read more
11 Mar 2024 07:45

LONDON BRIEFING: Currys suitor rules out bid; Vanquis warns on 2024

(Alliance News) - Stocks in London are called to open lower on Monday, in a nervy start to the week ahead of US inflation data due on Tuesday.

Read more
7 Mar 2024 10:07

UPDATE: Marks & Spencer confirms Co-CEO Bickerstaffe to leave in July

(Alliance News) - Marks & Spencer Group PLC on Thursday said Co-Chief Executive Officer Katie Bickerstaffe will leave the company after the annual general meeting in July.

Read more
7 Mar 2024 09:25

M&S co-CEO Bickerstaffe to retire after AGM in July

(Sharecast News) - Marks & Spencer confirmed on Thursday that co-chief executive Katie Bickerstaffe will retire after the annual meeting in July "to pursue her board career".

Read more
6 Mar 2024 21:08

PRESS: Marks & Spencer Co-CEO Bickerstaffe to leave for Kingfisher

(Alliance News) - Marks & Spencer's Co-Chief Executive Officer Katie Bickerstaffe is set to leave the company, Sky News reported on Wednesday evening.

Read more
4 Mar 2024 15:29

London close: Stocks languish ahead of Wednesday's Budget

(Sharecast News) - London's stock markets finished in the red on Monday, reflecting investor apprehension ahead of the impending Spring Budget.

Read more
1 Mar 2024 16:53

LONDON MARKET CLOSE: Stocks rise despite mixed US manufacturing data

(Alliance News) - European equities had a solid end to the week, and a stellar run for US markets continued, with focus turning to a key week of fiscal and monetary policy updates.

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.