Listed retailers Next, Primark and M&S fared better as the decline in UK apparel sales eased slightly as autumn moved into winter, according to the latest Kantar data, with weak sales volumes reflecting or offset by higher prices. Total sales were down 1.0% in the 12 weeks to 9 November, which was an improvement on the prior period's 1.9% decline.
Marks & Spencer is revamping its supply chain from "factory to floor", the retailer's new fashion boss told Reuters, as it looks to double annual online non-food sales to nearly 3 billion pounds ($4 billion).
Marks and Spencer Group plc (OTCQX:MAKSY) Q2 2026 Earnings Call November 5, 2025 2:30 AM EST Company Participants Archie Norman Stuart Machin - CEO & Director Alison Dolan - Chief Financial Officer & Director Presentation Archie Norman Hello, everybody, and welcome to the '25-'26 Marks & Spencer Interim Results. Stuart is going to talk about the performance of the business.
Marks and Spencer Group has executed a successful turnaround, with shares up ~400% since 2022, but upside now appears limited. MAKSY's 'Reshape for Growth' plan has delivered strong cash flow, significant debt reduction, and positions the company for future M&A or organic growth. For FY 2026, expect FCF of £420–470 million, a modest dividend yield (~1%), and potential buybacks, with shareholder returns in the low single digits.
British retailer Marks & Spencer will invest 340 million pounds ($457 million) in an automated distribution centre in central England, building capacity to support its ambition to double the size of its food business, it said on Thursday.
Sosandar's shares dropped 20% after the women's fashion retailer downgraded its full-year revenue outlook, citing a cautious approach following a cyber incident at key partner Marks & Spencer. The company now expects 18% revenue growth to £43.6 million for the current year, with profit before tax projected at £0.4 million.
The chairman of Marks & Spencer has told MPs the company is "still in the rebuild mode" following a cyber attack which led to empty shelves and limited online operations for months.
British retailer Marks & Spencer believes the instigator of the cyberattack which forced it to suspend online shopping for six weeks in April and May was a group called "DragonForce", chairman Archie Norman told lawmakers on Tuesday.
Most of the impact of the cyberattack which hit Marks & Spencer M&S in April will be behind it by August, Chief Executive Stuart Machin told shareholders at the retailer's annual general meeting on Tuesday.
Marks & Spencer has achieved a remarkable turnaround, posting record profits, reinstating dividends, and returning to the FTSE 100. MAKSY trades at a modest valuation despite strong business momentum, offering an attractive entry point for medium-term investors. Key catalysts include recovery from the cyberattack, aggressive store upgrades, and potential upside from Ocado and under-penetrated segments.
British retailer Marks & Spencer's CEO Stuart Machin saw his total pay package rise by 39% to 7.1 million pounds ($9.6 million) for the year ended March 2025, a filing showed on Monday.
British retailer Marks & Spencer's food business saw food sales increase 10.8% over the 12 weeks to May 17 year-on-year despite the fallout from a cyberattack last month denting availability, industry data showed on Thursday.