Clothing sales for Marks & Spencer fall yet again
Sales figure for the clothing range is yet again down for the 129 year old retailer Marks & Spencer. The women's wear experienced a fall in its sale for nine consecutive quarters.
Profit figures have been strikingly less as compared to competitors like Primark, who reported a 44 per cent jump in annual operating profits to £514million.
Speculation for such disastrous sales figures have been attributed to
bad fashions and colours, confusing store layouts, a -shortage of availability of key items.
Some retail insiders claim that just to create a sense of exclusivity
the company is intentionally creating a shortage for certain items.
A pink duster coat priced at £89 was lauded by the fashion press, profoundly advertised and customers were desperate to get their hands on it - but it was sold out before most of the customers could grab it.
Along with this item two other items which were worn by Helen Mirren and Olympic boxer Nicola Adams were also not available in the stores for long.
It has been admitted by the stores that as a part of marketing tactics and to create demand some items are introduced in "phased drops"
New Zealand News
- Tesla offering new discounts & perks in China amid negative press
- Electric Vehicle Council slams Victoria Government for proposed punitive mileage tax on electric cars
- Chinese EV brand Ora unveils VW Beetle-inspired electric car Punk Cat
- Swapping personal car for e-bicycle saved over $50,000 in just 7 years: San Francisco woman
- Hyundai Motor Corp to create ultra-fast EV charging network E-pit in Korea
- Tesla pockets roughly $101 million in profit from sale of some of its bitcoins
- Norway’s ICE car sales decline as buyers making shift to EVs
- Pursang launches Retro-inspired E-Track Motorcycle for Euro 14,449 in Netherlands
- ElectReon successfully tests dynamic wireless EV charging system on public road in Sweden
- Volvo to design special Gothenburg Green City Zone for autonomous & related technologies