Saturday , June 12 2021

Marks & Spencer's boss: the revision of the job – the bloody fast & # 39; is happening | business

Marks & Spencer's boss, Steve Rowe, said a new management team had left yönetim something that had never been moved genç because of the yiyecek every aspect etmek of the clothing and food stores that were struggling to appeal for young clothes.

After unsuccessful attempts to revive the street giant more than a decade ago, Rowe made an overall assessment of the chain's problems as he recorded a small increase in his first half. The clothing line had an yap aging ”customer base and dated stores, while the food halls were very expensive and it turned out that shoppers were ve confusing” promotions.

. We leave an irreversible stone against the background of fundamental structural change in our industry, Row said Rowe. Pazarlama Every aspect of our range – how we trade, our supply chain, and our marketing – is undergoing review and change. Trust me, we're going so fast. "

The group's comments came in that the pre-tax profits rose 7.1% from six months to 29 September and reached £ 126.7 million. However, group sales fell by 3.1 percent to £ 5 billion, closing 24 stores as part of a plan to undermine 100 branches by 2022. M & S's share price fell by 0.5% to 300 points.

The profit was displaced at a cost of about 100 million pounds, about half of which was related to store closures. More than £ 11.1 million completed a management business as the retailer dealt with a corporate culture that was "siled, slow and hierarchical."

In the absence of a sign of recovery, Archie Norman, a return expert who would assume the presidency a year ago, insisted that M & S was ecek something really starting başkanlık; "be.

Norman said, çıkmak Many of them are behind the scenes, blocking and struggling, and the supply chain, oğu dealing with a backward legacy Norm. “Steve [Rowe] Donald Trump was probably declaring today's results a great personal victory, but it's not really what we see. "

Clothing sales in stores that have been open for more than a year have decreased by 1.1% due to the weak stock levels in popular styles. M & S recently hired the ready-to-wear apparelist Holly Willoughby to select the must-haves they would wear during the season, but some of the clothes he had chosen, such as 49,50 leopard print suits, were sold in several sizes in hours.

Don We're saving customers from usability, “he said last year to direct Jill McDonald to Halfords for business. Uz We have some good products in this season, and the intervals are improving, but we're still in a position to buy too much. [clothing] lines. The range is very wide and shallow. "

The next season M & S will get more clothes and trousers in sizes from 8 to 14, but announced less in 16 and less to improve stocks.

Maplin, Toys R Us and Jacques Vert all collapsed in recent months, but many retailers and restaurants are facing financial problems and trying to close rent segments or close stores.

Gourmet Burger Cuisine: The senior burger chain 85 wants to close the 17th restaurant with a bankruptcy process known as the voluntary organization (CVA).

Fraser's house: The store chain is expected to close about 12 stores after the purchase by Mike Ashley. 31 stores had decided to close a CVA, but this application remained in management.

Home base: DIY chain, after completing a CVA organized by its new owner Hilco, it grabs at least 42 stores. The restructuring specialist bought a 1 pound DIY chain from Australia's Wesfarmers, who knew Australia's initiative to bring the Bunnings chain to the UK.

Poundworld: The discount retailer closed 355 stores with a loss of 5,100 jobs after entering into practice in June.

Cai: The owner of Gaucho and Cau steakhouses in July caused the 22 Kau restaurant to be closed with a loss of 750 jobs. Groups have since purchased 16 Gaucho outlets.

Mothercare: The chain closes 60 out of 137 after accepting a CVA in May. Additional closures in July will lose 900 jobs.

Carluccio & # 39; s: The Italian chain provided a CVA to close 30 of the 99 restaurants at the end of May.

New look: Chain closes 85 stores in a restructuring plan announced earlier this year. Alistair McGeorge, chairman of the board, said the future of 39 ministers suspected of talks with their hosts.

Carpetright: In April, the retailer received a CVA to close the 409 UK stores with 92 jobs.

prezzo: In March, the Italian-themed restaurant group provided a CVA with a loss of 500 workers to close out 94 out of 300 restaurants. Rent reductions were accepted at more than 57 points.

Jamieancs Italian: The chain has closed six points in 2017 and this year it has decided to close a third of its 35 loss mitigation agencies to a CVA.

Byron: After a CVA adopted in January, the upmarket burger chain is approaching 20 of its 67 restaurants.

DebenhamsThe low-pressure store chain said it could close 50 stores at 165 store stores and wanted to get rid of more than 30 areas by participating in gyms and other services.

MS: The high street stalwart is one-third of the main stores until 2022, with the radical transformation of the # 39; wants to close 100 sales points as part of its plan.

Holly Willoughby

Holly Willoughby, this morning is the new face of TV presenter and M & S clothes. Photo: Ken McKay / ITV / REX / Shutterstock

M & S did not ignore about one third of the 1,029 stores prior to the second world war, and some are on high streets. Rowe, we're not gonna stop at 100. We have to make sure that M & S is relevant and future-proof. M

The retailer also offers unloading options for more than 80 of its old stores.

Subscribe to Daily Business Today e-mail or follow the Guardian Business & # 39; @BusinessDesk

M & S 's previous trusted food businesses also face a similar sales problem with a decline of 2.9% in a competitive market. Rowe said food halls have become os overly addicted ”to very attractive purchases, such as short-term promotions and popular but non-profit çok Dine In Row.

He wants more families to shop regularly in their supermarkets, and the new food boss, Stuart Machin, offers more packages, making the prices of popular food such as chicken and beefburgers more affordable.

Tom Stevenson from Fidelity Personal Investing, 39 Reading the results of M & S, like taking a cold shower. The company is brutally honest about the big challenge it faces. Sales are still declining, and fixed profits are not a bad result. "

Source link