M&S chief Bolland backs new marketing approach to deliver growth

M&S: "perfectly" campaign
M&S: "perfectly" campaign

Marks & Spencer chief executive Marc Bolland is backing its new advertising style to help turn around its fashion proposition, as the retailer revealed another drop in clothing sales.

M&S this morning revealed a 0.6% growth in like-for-like sales over the 13 weeks to 30 March, fuelled by a 4% rise in its food sales. However, investors were left disappointed by a 3.8% drop in general merchandise sales.

Under-pressure Bolland cited "difficult trading conditions", in particular an intensification of promotional activity by rival retailers which forced M&S to respond with "selected tactical offers" of its own.

However, he claimed customers were "responding well" to M&S's recent "pefectly" campaign, which rolled out last month. The outdoor ads, by RKCR/Y&R, aim to demonstrate the "craftsmanship and innovation" of the retailer’s products.

Bolland also revealed M&S had seen a 70% growth in mobile sales over the past year, and "increased participation" in its Shop Your Way click and collect offer.

The retailer is currently pouring £150m into its new ecommerce site, set to launch in Spring 2014, and £100m into in-store technological innovations. M&S's new e-commerce distribution centre is set to begin operations this month.

In the investor statement, Bolland said M&S was "pleased" that its product ranges were unaffected by the horsemeat scandal, but admitted he was "cautious" in his outlook for the coming year, as "pressure" continues to grow on consumers’ disposable incomes.

Brand Republic Jobs
Thousands of jobs across advertising, creative, marketing and media
  • New Business Development Director Around £130,000 + significant commission + benefits The Simmance Partnership, London (West), London (Greater)
  • Senior Partner Up to £100,000 + Bonus + Benefits Talent International (UK) Limited, London (City of)
  • Customer Information Manager Circa £49,000 depending on knowledge, skills and experience, plus excellent benefits Transport for London, London (Central), London (Greater)

Just published

Feel you're missing out?

Sign up

The Wall Blog

From our partners

The future of TV is bright with OLED

Everyday Connects: Examples

Everyday Connects: What is it?