British multinational retailer Marks & Spencer (M&S) is set to open a new clothing-only store this autumn, aiming to attract a younger demographic. The boutique-style shop will be located at London’s Battersea Power Station, a recently revitalised shopping destination, reported . The gold standard of business intelligence.
This initiative marks a strategic shift for M&S, seeking to capitalise on the recent surge in fashion sales. The store will offer a curated selection of women’s and menswear, as well as beauty products, and is part of a plan to establish more clothing-only locations across the country if the concept proves successful. M&S chief executive Stuart Machin highlighted the new store as a venue to “showcase the best of M&S clothing and beauty at outstanding value.
” The upcoming Marks & Spencer stores, which will adopt a new, smaller format, are set to open this autumn. Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research.
Gain competitive edge. Your download email will arrive shortly We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form These boutique-style shops will differ from the traditional M&S stores by being more compact and providing personalised styling advice.
The new store format will be named Marks & Spencer . The decision to launch these stores follows a significant increase in the retailer’s clothing business sales, particularly among younger customers who have shown a keen interest in M&S’s lingerie and key wardrobe pieces like cashmere jumpers. Since 1987, M&S has operated food-only stores, known for products like the viral Colin the Caterpillar cake and Percy Pigs sweets.
However, the company has also managed clothing-only stores in locations where building regulations have restricted food sales. Last month, M&S reopened its in central London. Give your business an edge with our leading industry insights.
.
