Marks & Spencer wants fifth Chinese store | RetailDetail

Marks & Spencer wants fifth Chinese store

British retailer Marks & Spencer has announced its plans to open a new store in Shanghai, its fourth in the city and fifth in China (Ningbo, the world's fifth largest port, holds the other store). According to the Oriental Morning Post, the new store would be in the Changning district in Shanghai's old centre.

Marks&Spencer currently owns over 600 stores in the UK alone, ranging from smaller stores that only sell food (aptly named “Simply Foods”) to large flagship stores outside the city centres. The chain also has over 300 stores abroad, both self-owned and through franchising.



British retailer Marks & Spencer has announced its plans to open a new store in Shanghai, its fourth in the city and fifth in China (Ningbo, the world's fifth largest port, holds the other store). According to the Oriental Morning Post, the new store would be in the Changning district in Shanghai's old centre.

Marks&Spencer currently owns over 600 stores in the UK alone, ranging from smaller stores that only sell food (aptly named “Simply Foods”) to large flagship stores outside the city centres. The chain also has over 300 stores abroad, both self-owned and through franchising.



Questions or comments? Please feel free to contact the editors


Belgian fund close to HEMA acquisition

09/05/2018

Belgian Core Equity holding is allegedly close to acquiring Dutch chain HEMA: a verbal agreement is apparently in place, all that is required are the signatures.

Walmart, not Amazon, will acquire Indian market leader Flipkart

07/05/2018

Despite Amazon’s attractive offer, Indian online retailer Flipkart has chosen for Walmart and (remarkably), Google owner Alphabet as the new owners of 75 % of Flipkart’s shares. The deal is said to be worth 15 billion dollar.

Alibaba's growth exceeds expectations

07/05/2018

Chinese retail group Alibaba has published better-than-expected quarterly results: turnover went through the roof, but its profit is under pressure because of increased investments.

Shareholders ‘not amused’ by Unilever CEO's wage increase

03/05/2018

One in three British Unilever shareholders voted against the company’s proposed remuneration plan. Investors in the Dutch part of the (currently) British-Dutch company will vote on the plan as well.

Macy's acquires New York-based concept store Story

02/05/2018

American department store chain Macy’s will acquire New York-based concept store Story. Founder Rachel Schechtman will become Macy’s’ “brand experience officer”.

RetailDetail Congress ‘The Future of Shopping’ had substance and style

27/04/2018

With six CEOs of major Belgian retailers, the 2018 edition of the RetailDetail Congress had an impressive line-up on stage the 26th of April.