Comment on M&S sales figures

Comment on M&S sales figures

Simon Bassett, managing director of marketing recruiter EMR said: “M&S’ profits show what can be achieved through bold boardroom appointments.  Marc Bolland’s arrival as chief executive brought a marketing expert to the helm, which is an acknowledgement that success in running a large-scale retailer is about more than the old school experience gained from running a chain of shops.  M&S’ market share in clothes sales has increased by 0.5% this year and Bolland puts this down to the store’s new advertising campaign. The online side of the business has also enjoyed sustained growth and has grown by 31% this year, compared to 20% for the rest of the market. Bolland has also overseen market beating online sales growth, fuelled by the Shop Your Way multichannel service and engagement with more than 300,000 customers through social media. Retail today has changed. It’s no longer about merely having the best-run shop floor or the lowest prices. You’ve got to compete in the real world and online and this requires a totally new approach to marketing, of which Bolland has shown he is the master.”