M&S to reveal new masterplan

first_img MARKS & SPENCER will tomorrow unveil its blueprint for expansion with new chief executive Marc Bolland at the helm. The retail giant’s half-year results mark the start of a new era as Bolland shapes the company’s future – with international expansion expected to be high on the agenda. Analysts and investors are expecting a detailed vision as well as figures showing that the company is going in the right direction even as UK consumers rein in their spending. UK operating profit is forecast to be up by 8.7 per cent to £325m while like-for-like sales are expected to have climbed by 4.5 per cent, with clothing and home up by 6.5 per cent and food 2.6 per cent. The like-for-like sales performance has been stronger than expected according to analysts, with advertising campaigns and new products paying off. Meanwhile International operating profit is forecast to be up by 10.6 per cent to £73m. The company is targeting £250m in savings through more efficient IT systems and Bolland will have a keen eye on costs. Sam Hart, retail analyst at Charles Stanley said: “M&S comments are expected to be relatively cautious, with management likely to highlight the potentially negative impact of the forthcoming Vat increase and other government austerity measures on spending. It is almost inevitable that sales momentum at M&S will slow.” whatsapp KCS-content M&S to reveal new masterplan by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBeach RaiderSee The Woman Bradley Walsh Is Dating At 61Beach Raider Share center_img Tags: NULL Sunday 7 November 2010 8:56 pm Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapplast_img

Leave a Reply

Your email address will not be published. Required fields are marked *