M&S had some good news Wednesday as it reported more customers, higher e-sales and improved Clothing & Home margins. But all other figures were poor as it spent heavily to force through the change it desperately needs.
Saks has unveiled a new 32,000-square-foot beauty space occupying the second floor of the retailer's NY flagship. The floor offers consumer experiences and 40% more space for 120 brands, nearly half of which are new.
M&S has added experienced non-exec directors to its board as it prepares to deliver its latest results, with more store closures expected and potential demotion from the FTSE100 if its share price falls further.