Marks And Spencer -Financial Services

Marks And Spencer -Financial Services



Marks And Spencer -Financial Services

Introduction

Marks and Spencers has had a reliable record of success and profitability until lately when they were suddenly strike by dropping sales. Marks and Spencers were completely unprepared for this and while they were evolving new shops and increasing the business their competitors were strengthening. Because Marks and Spencers have been highly thriving and competitive for so long their was no force to improve the enterprise and now its competitors have overtaken and underlying problems have arisen, certain thing desires to be done. The enterprise desires a entire overhaul administration desires to be streamlined, the enterprise structure needs to be re-organised to make it more efficient and the trading blend need to be altered to start with. Iwill research into brands and Spencers mostly by going to their website and finding break-even charts, earnings and decrease accounts and economic outcomes for recent years. Iwill also proceed into brands and Spencer shops and ask for applicable data such as anecdotes, and I will look around shops to glimpse if anything desires to be improved such as the layout and the look of the shop etc. I will look at Marks and Spencers product ranges and the style of its clothes to see if the quality is up to standard and the clothes are fashionable. I will look through the newspapers looking for the latest news and information and I will check newspapers websites such as ft.com for information on M&S in its archives. Once I have obtained enough information from a variety of sources I will read through my data and analyze it to decide how relevant it is to my question. Iwill then use the facts and figures to help me reach accurate recommendations on how to halt brands and Spencers profits falling. The economic abstract displays useful data for the past 5 years from this you can glimpse that profit has been expanding until 1999 when it harshly drops. Also you can see where the revenue is coming from so you can glimpse which components of the business are doing well and which are not.

Current Scenario

From this I can see that UK retail is doing awfully and Overseas retail and Financial services are doing well as revenue is increasing. Other information such as number of workers and rectangle footage utilised by the enterprise is furthermore shown, this is useful to see how sales concern to rectangle footage as an boost in the number of outlets should signify an boost in revenue but the abstract displays that revenue has slightly declined. The consolidated profit and decrease account devotes comprehensive information into the enterprise it displays which components of the enterprise are expanding sales and which components are mislaying sales so you can glimpse where the problems in the enterprise are and where it is mislaying money. Abalance sheet and a money flow declaration are furthermore included they display where the money is approaching from and how it ...