Marks and Spencer profits fall for third year

marks and spencer leading ladies profits fall

Despite enlisting some of the hottest, most influential and most famous A-listers for its ad campaigns over the past 12 months, it’s just been revealed that Marks and Spencer’s profits have once again dropped for the third year in a row.

While the food sales are on the up, it’s the clothes which are reportedly dragging the brand down…

“General merchandise is not yet satisfactory,” said chief executive Marc Bolland. “But a lot of the heavy lifting has been done. Rising profit takes a while to follow. We are improving step by step.”

Marc blamed things like “unseasonable conditions” and “high levels of promotional activity” for the dip in sales, although M&S fans should know that profits did in fact rise in the last three months of the year which is a nice and positive piece of information to retain.

So what does this all mean for the brand and the future of the British high street as a whole? Only time will tell, although Marc Bollard doesn’t think we should worry!


This post appeared first on

Andrej Pejic models the Hema push up bra… thoughts?
New York Fashion Week: Day 4
Rosie Huntington Whiteley pulls out of Project Runway at the last minute
Get Nicole Scherzinger’s elegant white X Factor look
Sky teams up with Roland Mouret, Giles Deacon and other top designers for limited edition boxes!
Russell Marshall celebrates Kate Moss's 40th birthday with retrospective

Leave a Comment

Your email address will not be published.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