Dernières nouvelles pour Marks & Spencer Group (OTC:MAKSY) Stock

Marks & Spencer Group

Marks & Spencer is a British multichannel retailer with stores across Europe, Asia, and the Middle East. The majority of revenue stems from the firm's UK operations, selling predominantly own-brand food, clothing, and home merchandise. The food segment includes value products (dairy, poultry, meat, fresh produce), ready-made meals, and healthy items. The clothing and home division sells womenswear, lingerie, menswear, kidswear, beauty, and home products. The remaining revenue comes from international sales, where M&S sells through a mix of own stores, franchises, and online channels.In 2020, the firm entered into a joint venture, purchasing 50% of grocery e-commerce business Ocado Retail. Ocado is the exclusive online distributor of M&S food within the UK.

MARKS & SPENCER GRP S/ADR by Marks & Spencer Group Plc

Marks & Spencer Group PLC

London based multinational retailer, Marks and Spencer Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MAKSY#OTC">MAKSY</a>) has cautioned about the economic climate, citing uncertainties regarding growth, <a target="_blank" href="https://corporate.marksandspencer.com/media/press-releases/marks-and-spencer-group-plc-christmas-trading-13-weeks-28-december-2024" rel="noreferrer noopener">inflation, and interest rates</a>.
The company also said its business faces rising costs due to well-documented tax increases.
&#8220;The external environment remains challenging, with cost and economic headwinds to navigate, but there is much within our control,&#8221; said CEO Stuart Machin.&nbsp;
The warning comes even after the company reported sales of £4.06 billion for the third quarter, up 5.6% compared with the year-earlier period.
In her first budget as U.K. Treasury Chief last October, Rachel Reeves raised the national living wage and increased employers&#8217; national insurance contributions, adding additional costs for businesses, according to a <a target="_blank" href="https://www.wsj.com/business/retail/marks-spencer-focused-on-growth-plan-after-christmas-sales-boost-results-4d660811?mod=business_lead_pos3" rel="noreferrer noopener">report </a>from the Wall Street Journal.
The company reported strong growth in food sales, with an 8.7% increase, driven by an 8.9% rise in like-for-like sales. Clothing, Home &amp; Beauty segment grew 1%.
The retailer reported M&amp;S sustained UK volume growth of 6.6% from the first half into the Christmas trading period, driven by increased customer numbers and transactions.
Core categories, including meat, produce, grocery, and in-store bakery, saw double-digit growth, with customers increasingly turning to M&amp;S for their everyday shopping.
&#8220;Sales records were broken across the business, with Food recording its biggest day and Clothing, Home &amp; Beauty online its biggest week, but we're not complacent &#8211; as a growth business it's our job to break records,&#8221; remarked Machin.
International sales, however, showed a decline of 2.8% due to ongoing challenges in the Indian market and delays in franchise shipments.
Price Action: MAKSY shares closed at $9.34 on Wednesday.
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Photo via Shutterstock.

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MAKSY

British Retail Giant Marks & Spencer Warns Of Economic Challenges Despite Strong Sales Growth In Food And Retail

<ul>
<li>Petroleum giant&nbsp;BP plc&#39;s&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bp#NYSE">BP</a>) electric vehicle charging business, bp pulse, has signed an&nbsp;<a class="editor-rtfLink" href="https://www.bp.com/en/global/corporate/news-and-insights/press-releases/sparking-change-m-and-s-and-bp-pulse-to-bring-ev-charging-to-customers.html" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">agreement&nbsp;</a>with retail giant&nbsp;Marks &amp; Spencer Group Plc&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/maksf#OTC">MAKSF</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/maksy#OTC">MAKSY</a>).</li>
<li>Under the agreement, the parties will work together to install an initial 900 electric vehicle charge points in around 70 of M&amp;S&#39; national stores in the next two years.</li>
<li>The installation is anticipated to expand bp pulse&#39;s network, growing the U.K.&#39;s charging network and adding up to 40,000 kWhs of charging capacity to the U.K.&#39;s EV infrastructure.</li>
<li>In order to provide the appropriate speed for each need, a combination of ultra-fast (&ge;150kW) and rapid (&ge;50kW) charge points will be installed during the roll-out.</li>
<li>BP and M&amp;S first teamed up in 2005 to introduce M&amp;S Food stores at bp retail sites.</li>
<li>BP said it is backing Britain with plans to invest up to &pound;18 billion in the UK energy system by 2030.&nbsp;</li>
<li>Price Action:&nbsp;BP shares are trading higher by 1.98% at $34.58 in premarket on the last check Thursday.</li>
<li>Photo Via Company</li>
</ul>

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BP Teams With M&S To Expand Its EV Charging Network

As Queen Elizabeth II celebrates her 96th birthday, Mattel Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mat#NASDAQ">MAT</a>) has issued a new Barbie doll inspired by the British monarch.
What Happened: According to the <a href="https://www.benzinga.com">BBC</a>, the new doll is outfitted in an ivory gown with blue ribbon and accessorized with details from the monarch&rsquo;s life: she wears a re-creation of her wedding day tiara and pink and blue ribbons modeled after ones presented by her father, George VI, and her grandfather, George V.
The doll is being released today, in honor of the queen&rsquo;s birthday, and in conjunction with her Platinum Jubilee, which celebrates her 1952 ascension to the throne. The doll is available for a suggested retail price of $75.
<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" frameborder="0" height="315" src="https://www.youtube.com/embed/t6eZMr6thJg" width="560"></iframe>
What Else Happened: The Platinum Jubilee celebrations have generated a wealth of consumer products honoring the queen&rsquo;s seven decades as head of state.
In addition to the Barbie doll, other Platinum Jubilee products range from a $10.50 cotton tote bag from Marks &amp; Spencer Group ADR&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/maksy#OTC">MAKSY</a>)&nbsp;featuring the Royal Guard and a bagpiper along with the Queen&nbsp;to a $1,429 limited-edition, gold version of the commemorative jubilee-inspired 50-pence coin being sold by the Royal Mint and the Royal Mail ADR (OTC: <a class="ticker" href="https://www.benzinga.com/stock/roymy#OTC">ROYMY</a>).
The Royal Family is not selling any merchandise related to the jubilee, although it hosting special events including a &ldquo;Platinum Pudding Competition&rdquo; for British bakers to create a dessert for the queen&rsquo;s pleasure. Nearly 800 public events and more than 1,000 street parties are being planned across the U.K. for this celebration.
Photo: Courtesy of Mattel

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Mattel Debuts Barbie Version Of Queen Elizabeth

<ul>
<li>Apollo Global Management Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/apo#NYSE">APO</a>) reportedly examined a buyout of U.K.&#39;s&nbsp;Marks &amp; Spencer Group PLC&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/maksf#OTC">MAKSF</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/maksy#OTC">MAKSY</a>),&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/business/retail-consumer/ms-shares-rise-report-investment-firm-apollo-has-examined-bid-2021-11-22/" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Reuters reported</a>.</li>
<li>The New York-based company considers the purchase a bargain, as the group&#39;s shares are weighed down by the impact of the COVID-19 and the market failing to attribute enough value to&nbsp;Ocado Group PLC&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/ocddy#OTC">OCDDY</a>) venture, the report added.</li>
<li>Apollo unsuccessfully bid for supermarket chain Asda, acquired by private equity firm TDR and the Issa brothers last year for &pound;6.8 billion.</li>
<li>Price Action:&nbsp;APO shares closed lower by 0.60% at $74.95 on Friday.</li>
</ul>

OCDDY

Apollo Global Examined Bid For Marks & Spencer: Report

Halloween is supposed to be a fun holiday, but it can become a bit stale if trick-or-treaters are greeted with a predictable selection of too-well-known chocolate bars, lollipops and chewing gums.
In order to inspire candy givers to ratchet up their game with snacking eccentricity, let&#39;s shift the season focus away from the same-old/same-old and take a bit out of 10 of the weirdest candies ever to find their way into a Halloween goodie bag.

<img alt="wc_camel_balls.jpg" src="https://www.benzinga.com/files/u200644/wc_camel_balls.jpg" style="height:600px; width:400px" />
Camel Balls Chewing Gum: Despite the unsubtle artwork on the packaging, no dromedaries were neutered in the creation of this Spanish product, which offers an extra sour-flavored liquid filling in the gumballs. (Photo courtesy of Amazon)

<img alt="wc_crime_scene_candy.png" src="https://www.benzinga.com/files/u200644/wc_crime_scene_candy.png" style="height:400px; width:600px" />
Crime Scene Candy Tubes: Yes, this is a unique candy concept: tubes of body fluids. Actually, the liquid contents marked &ldquo;saliva,&rdquo; &ldquo;blood,&rdquo; and &ldquo;urine&rdquo; are sweet syrups in apple, cherry and lemonade flavors. (Photo courtesy Candy Warehouse)
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<img alt="wc_body_parts_candy.jpg" src="https://www.benzinga.com/files/u200644/wc_body_parts_candy.jpg" style="height:500px; width:500px" />
Gummy Body Parts Candy: You don&rsquo;t need to be a George Romero zombie to feast on these body parts &ndash; this 55-piece assortment includes candy versions of brains, ears, eyeballs, feet and thumbs. (Phot courtesy of Candy Warehouse)
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<img alt="wc.heres_.your_.gift_.mf_.jpg" src="https://www.benzinga.com/files/u200644/wc.heres_.your_.gift_.mf_.jpg" style="height:400px; width:600px" />
Here&rsquo;s Your Gift Motherf****r Gum: Sometimes, we have to give gifts to people we don&rsquo;t like. If you&rsquo;re not ashamed of sharing your contempt of others, this fruit-flavored chewing gum is the perfect present for you to give. (Photo courtesy Off the Wagon)
<img alt="wc_mac_and_cheese_candy_canes.jpg" src="https://www.benzinga.com/files/u200644/wc_mac_and_cheese_candy_canes.jpg" style="height:500px; width:500px" />
Mac and Cheese Candy Canes: Macaroni and cheese is the ultimate comfort food, but who says it can only be served in a bowl or on a dish? Why not infuse candy canes with the therapeutic taste of good ol&rsquo; mac and cheese, eh? (Photo courtesy Off the Wagon)
<img alt="wc_poo.jpg" src="https://www.benzinga.com/files/u200644/wc_poo.jpg" style="height:500px; width:500px" />
The Original Bag of Poo: Fortunately, there is no truth in advertising here &ndash; the contents in question are actually cotton candy that comes in 15 different flavors. Still, the unsuspecting trick-or-treater&rsquo;s parents might be in for a surprise when finding this in the goodie bag. (Photo courtesy of Amazon)
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<img alt="wc_percy_pig.jpg" src="https://www.benzinga.com/files/u200644/wc_percy_pig.jpg" style="height:400px; width:600px" /> 
Percy Pig: The UK retailer Marks &amp; Spencer (OTC: <a class="ticker" href="https://www.benzinga.com/stock/maksy#OTC">MAKSY</a>) created this product in 1992 with an ingredient rarely found in candy: pork gelatin. Mercifully for those who abstain from eating pork, a vegetarian variety was introduced in 2011 and the pork gelatin was permanently removed from the ingredients list in 2019. (Photo courtesy of Candy Gurus.)
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<img alt="wc_pickle_cotton_candy.jpg" src="https://www.benzinga.com/files/u200644/wc_pickle_cotton_candy.jpg" style="height:500px; width:500px" />
Pickle Cotton Candy: Pickle lovers and cotton candy aficionados rarely have any common ground, but this green-hued concoction &ndash; an effect achieved by mixing Blue 1 and Yellow 5 food coloring &ndash; unites those two very different treats into a distinctive union. (Photo courtesy Off the Wagon)
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<img alt="wc_reeses_elvis.jpg" src="https://www.benzinga.com/files/u200644/wc_reeses_elvis.jpg" style="height:400px; width:600px" />
Reese&rsquo;s Peanut Butter and Banana Creme Cups. Elvis Presley&rsquo;s favorite food was the peanut butter and banana sandwich, and in 2007 The Hershey Company&rsquo;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hsy#NYSE">HSY</a>) Reese&rsquo;s brand created a limited edition candy version of The King&rsquo;s go-to nosh &ndash; although it wrapped the unlikely ingredients in chocolate, whereas Elvis was known to include bacon in his sandwiches. (Photo courtesy Vincent Diamante / Flickr Creative Commons)
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<img alt="wc_thrills.jpg" src="https://www.benzinga.com/files/u200644/wc_thrills.jpg" style="height:400px; width:600px" />
Thrills Soap-Flavored Gum: Trying this Canadian product might prove educational, as few people outside of Three Stooges movies eat soap and most people may not know what it tastes like. This gum certainly had an effect on one Amazon reviewer who declared: &ldquo;Literally the most awful gum I have ever tasted. BEST THING EVER!&rdquo; (Photo courtesy of Amazon)
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10 Weirdest Halloween Candies Of All Time: Trick Or Treat Or WTF?

The Gap Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gps#NYSE">GPS</a>) has announced it will shut down all 81 of its stores in the UK and Ireland by the end of September and shift to an e-commerce retail strategy for those markets.
What Happened: The San Francisco-based company was founded in 1969 and opened its first store outside of the U.S. in London in 1987; it has been part of the Irish retail environment since 2006.
In announcing the closures, The Gap blamed &quot;market dynamics&quot; in the two countries for its decision and stated its departure from brick-and-mortar retailing would be conducted in a &quot;phased manner&quot; beginning at the end of August.
&quot;We are thoughtfully moving through the consultation process with our European team, and we will provide support and transition assistance for our colleagues as we look to wind down stores,&quot; said the company in a statement.
Related Link: <a href="https://www.benzinga.com/news/21/06/21744476/burberry-ceo-marco-gobbetti-resigns-to-join-rival-ferragamo">Burberry CEO Marco Gobbetti Resigns To Join Rival Ferragamo</a>
What Else Happened: The Gap is also planning to depart from brick-and-mortar retailing in France and Italy, but is currently in negotiations with other companies to take over those operations.
Closer to home, the company has been in the process of closing its Gap and Banana Republic stores across North America. But for U.K. shoppers, the company&#39;s departure is the latest in a growing skein of store closures involving several major retail chains including Marks &amp; Spencer Group ADR&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/maksy#OTC">MAKSY</a>), Debenhams and Laura Ashley.
(Photo: Nick-D / Wikimedia Commons.)

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