Jagran Josh Logo

UK based Marks & Spencer announced to open 100 stores in India

May 21, 2014 17:20 IST

UK based Marks & Spencer on 20 May 2014 announced that the company will open 100 stores in India by 2016. Earlier it had planned to open 86 stores in India.

At present, Marks & Spencer (clothing retailer) operates 40 stores in India and it same-store-sales grew 13 percent in the fiscal year 2013-14.

Same-stores-sales is a key performance metric for retailers and measures sales growth at stores open for more than a year.

About Marks & Spencer
• Mark & Spencer was founded in 1886 and is headquartered at Leeds.
• Marks & Spencer operates in India as a joint venture with Reliance Retail, a unit of Mukesh Ambani led Reliance Industries.
• M&S faces tough competition in India from the world's biggest fashion retailer Inditex SA (ITX.MC) and its Zara brand.
• Managing Director of Marks & Spencer Reliance India- Venu Nair

Is this article important for exams ? Yes45 People Agreed

DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

Newsletter Signup
Follow us on
This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK