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.
The New York-based digital company announced on Thursday that it has secured $18.6 million in series A funding, money which will go towards improving customer experience and accelerating innovation and expansion.
Burberry seems to be on track with its transformation plan with sales and profits not suffering as it enters a period of fast change. But tough comparisons and regional variations also had an impact on its latest year.