Marks and Spencer Group Plc

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  • 344.15p
  • 3.10p (0.91%)


Marks & Spencer share price: Retailer names latest stores earmarked for closure

Marks & Spencer names latest stores earmarked for closure

Move follows group’s third-quarter results

5 weeks ago


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About Marks and Spencer Group Plc

Marks and Spencer Group (LON:MKS) is a major UK multinational retailer headquartered in the City of Westminster, London. The company is a holding company of the Marks & Spencer Group of companies. Marks and Spencer specializes in selling clothing, lingerie, homeware and luxury food products, sourced from around 2,000 suppliers globally. Its UK turnover is split between Food and General Merchandise accounting for 54 and 46 percent of turnover, respectively.
The company has a network of over 766 stores across the UK in high streets and retail parks, as well as stations, airports and other locations. It also operates internationally with around 387 stores in 50 territories across Europe, the Middle East and Asia. The company is also developing its e-commerce business amid the changing consumer needs.
Marks and Spencer, which currently employs almost 82,000 people, was founded in 1884 by Michael Marks and Thomas as a stall in Leeds. In 1998 it became the first UK retailer to post pre-tax profit above £1 billion. However, it then experienced a crisis that lasted for several years.
The company is listed in the London Stock Exchange and is a constituent of the FTSE 100 Index. It is also traded in American Depository Receipts.

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