Home / Knowledge / News / Apparel/Garments / UK retailer Marks & Spencer tweaks Chinese operations
UK retailer Marks & Spencer tweaks Chinese operations
03
Mar '15
UK retailer, Marks & Spencer said it is tweaking its Chinese operations by closing down a few nonperforming stores, while also stepping in to key cities like Beijing and Guangzhou.

As announced in April 2014, Marks & Spencer has reviewed the shape of its existing store portfolio to ensure it is best aligned with its strategic growth plans.

As a result, Marks & Spencer has taken the decision to close five of its supporting stores in the greater Shanghai region by August 2015.

“However, the retailer also has a firm intent to enter key cities such as Beijing and Guangzhou from 2015-16,” M&S said in a press release.

It will also continue to invest in its existing flagship store portfolio with the complete modernisation of its flagship store on West Nanjing Road in Shanghai during the autumn.

Continuing its ‘bricks & clicks’ strategy, M&S is leveraging ecommerce to strengthen brand awareness and reach across the country.

Following the popularity of its online stores on China’s leading websites, M&S launched a new dedicated kidswear store on TMall.com and a new clothing store on JD.com in January.

For the long term M&S is also in the process of evaluating potential partners as first set out at its International Investor Seminar in April 2014.

In line with its international strategy to focus on its flagship stores, M&S will also invest in modernising its stores in Hong Kong during 2015-16.

M&S will also grow its presence in Macau with the opening of a new 1,000 square metre store at The Venetian Mall in November 2015.

Established in 1884, M&S currently has over 840 UK stores and over 480 international stores across 59 territories in Europe, the Middle East and Asia. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search