×
75 101
Fashion Jobs
UNDER ARMOUR
Stock Lead, ft (5am to 2pm Tuesday Through Saturday)
Permanent · ALBERTVILLE
THE REALREAL
Sales Account Manager (Account Luxury Manager)
Permanent · Berkeley
THE REALREAL
Sales Account Manager (Account Luxury Manager)
Permanent · Emeryville
THE REALREAL
Sales Account Manager (Account Luxury Manager)
Permanent · Hayward
KOHLS
Full-Time Stockroom Operations Supervisor
Permanent · Saratoga Springs
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Berlin
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Strongsville
KOHLS
Full-Time Stockroom Operations Supervisor
Permanent · Georgetown
KOHLS
Full-Time Stockroom Operations Lead
Permanent · Columbia
KOHLS
Part-Time Stockroom Operations Associate (Early Morning)
Permanent · Forsyth
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Carmel
KOHLS
Customs Compliance Coordinator
Permanent · Menomonee Falls
KOHLS
Part-Time Stockroom Operations Associate (Early Morning)
Permanent · Folsom
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Coralville
KOHLS
Full-Time Stockroom Operations Supervisor
Permanent · Coralville
KOHLS
Full-Time Stockroom Operations Supervisor
Permanent · Federal Way
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Maple Grove
NORDSTROM
Retail Stock - Preston Shepard Place Rack
Permanent · Plano
NORDSTROM
Retail Stock - Orchard Place Rack
Permanent · Skokie
NORDSTROM
Overnight Retail Stock & Fulfillment - Washington Square
Permanent · Tigard
NORDSTROM
Asset Protection - Agent - Grand Plaza Rack
Permanent · San Marcos
NORDSTROM
Asset Protection - Agent - Carmel Mountain Plaza Rack
Permanent · San Diego
Published
Mar 14, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

M&S leaves China’s high streets as it turns focus to TMall

Published
Mar 14, 2017

Marks & Spencer has closed seven of its 10 stores in mainland China this year, with the remaining three set to close in April as part of a major cost-cutting strategy announced by CEO Steve Rowe last year.



Falling sales and low brand awareness have forced the British retailer to pull out of Chinese high streets, where it was based in major cities like Shanghai and Beijing since first entering the market in 2008.

According to reports, the company’s managing director for Greater China, Adam Colton, said the continued losses across the Chinese stores were a key reason for the China exit. “Growth in market share is also challenging,” he added.

But while the company’s department stores will disappear from the high streets, Chinese customers and British expats in China will continue to find M&S products on TMall, the online business-to-consumer platform owned by Alibaba.

M&S launched on TMall in 2012, and has enjoyed strong customer demand for its products online, said Colton. Sales grew by double digits on last year’s Singles Day, the deal-focused online shopping festival, and the retailer saw its best ever performance in kidswear.

TMall’s scale, logistics and local expertise will help M&S reach customers across China in a more efficient way.

The company has also said its stores in Hong Kong will not be affected by the store closures. It announced in November last year that it would be exiting its lossmaking owned business across 10 international markets this year to focus on growing the network of franchise shops.

The company closed several stores in France, Belgium, Estonia, Hungary, Lithuania, the Netherlands, Poland, Romania and Slovakia last year.

Copyright © 2023 FashionNetwork.com All rights reserved.