tag and Spencer is one of UK?s leading retailers of clothes, food, home products and financial operate, with 15 million customers visiting its sores each week. M& vitamin Aere;S employ 65,000 people in 399 UK broths and offices. It also has a ontogenesis business including international business in the republic of Ireland and Hong Kong, and US etc. In oddment five years, M& deoxyadenosine monophosphate;S has focused on its energies on its core home(prenominal) business, selling off most of its foreign stores. According to the BBC intelligence operation (2006), Marks and Spencer is going to sell its US supermarket business to a private equity Consortium for $ 61.5 million.
From Wikipedia (2006), it is probably the most iconic chain store in the UK and it is the largest clothing retailer in the UK by turnover. M&S has a say of success and profitability since its establishment with well known personality for its innovative, quality products and reasonable price which offers customers value for their money. It is the customers? favourite store in the UK, it allocates all over the country, in London, einsteinium, the South East and the South West. However, M&S sales and services have been declined in mid to late 1990s. M&S started to review its performance and strategy, it experienced the adjustment of go across management and rapid change strategy over last five years.
Now, it is continuing to recovery and makes progress.
In this essay, it focuses on the Marks and Spencer?s strategy in South West. The external surroundings analysis is concerned with the forces and factors that impact on M&S. however, analysing those forces and factors will assist M&S in identifying the change in the environment, is often referred to as the macro-environment, planning in how to cope with such a change, and being ahead of the competitors in the adaptation...
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