Marks &Amp;Amp; Spencer
Marks & Spencer
Marks & Spencer was founded on 1884 as a market stall by Marks. It became Marks &
Spencer in 1894 as a partnership with Spencer. From that humble beginning Marks & Spencer
became leader in the industry. And for more than half a centuryM & Spencer was the epitome
of enlightened capitalism. It dominated the British high streets and provided shoppers with
quality and value clothing unrivalled by competitors. It was one of Britain’s largest high profile
retailers selling variety of goods and services such as clothes, food, furniture and loan services.
But its glory has started to crumble when it profits began to fall since 1998. M & S has
been facing their worst times ever. Their problems began at the start of financial year April 1999.
They suffered almost from financial ruins. Since the event of its failure, M & S has been taking
more than several attempts to recover their losses.
Extensive studies and researches have been conducted to find out the root......
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Approximate Word Count: 1546
Approximate Pages: 7 (250 words per double-spaced page)
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