Marks & Spencer thinks small as it gears up for Australian debut
The $13 billion British department store retailer Marks & Spencer is accelerating plans to enter the crowded Australian market.
Marks & Spencer has just appointed two new directors to a corporate entity known as Marks & Spencer (Australia) Pty Ltd which has previously been dormant for almost seven years, and is on the hunt for retail space in Sydney.
The move into Australia is in line with Marks & Spencer’s chief executive officer Marc Bolland’s strategy of transforming the company from a traditional British high street retailer into an international multi-channel retailer.
It will put further pressure on Myer and David Jones, which also face the imminent arrival of fast fashion chains including H&M from Sweden and Japan’s Uniqlo. Sydney Morning Herald – Read more…
Marks & Spencer has just appointed two new directors to a corporate entity known as Marks & Spencer (Australia) Pty Ltd which has previously been dormant for almost seven years, and is on the hunt for retail space in Sydney.
The move into Australia is in line with Marks & Spencer’s chief executive officer Marc Bolland’s strategy of transforming the company from a traditional British high street retailer into an international multi-channel retailer.
It will put further pressure on Myer and David Jones, which also face the imminent arrival of fast fashion chains including H&M from Sweden and Japan’s Uniqlo. Sydney Morning Herald – Read more…
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