clothing and home space. Web sites is being improved and we are investing to remedy the problems at Castle donington.
Aim to almost double our online share of clothing and home sales to over 35%. Reduce the number of product lines and buy more stylish product in greater depth. The expansion of food space has been slowed while we concentrate on refreshing the format and driving sustainable growth. Our international business has already been rationalised and we are now creating a competitive network of mainly franchised business in territories where we can grow.

Marks & Spencer chairmain announced formative changes in the organisation which is lead by functional directors. Food business is very different from the clothing and home. Our property assets need proactive management. M&S bank is clearly a very separate entity. We are moving heavy weight corporate structure toa family of parallel businesses. Each with shared brand values abut each led by its owen integrated management team.

M&S has a wonderful brand which most people in the UK still hold in great affection. great operator in the store,thirdly technical skills in both clothing and food and our understanding of quality, Finally, ingredients, sourcing, size remain outstanding.

The purpose of transformation plan is to restore the business to sustainable profitable growth. Board remains committed to maintaining the night balance between investment in the business, dividends for shareholders and balance sheet strength.
A strong corporate governance routines brought to the business much intellectual challenge and financial discipline. Finally at the time of declining profit it is the colleagues on the groud who bear much of the brunt of change. (Mr Archie Norman Chairmain)2018

Introduction and Background

M&S is a UK company that operates over 700 retail stores; its stock includes clothing, different food items and household items. M&S is the name of retail clothing store in Europe. The business was started in 1884. Its head office is located in Westminster, London and employed more than 80000 staff in the UK. The mission of M&S is to make as much profit as possible by selling garments and different food items products to customers. M&