Blog: Dean BestM&S's May Day celebration

Dean Best | 1 February 2010

And so, UK retail's favourite Dutchman will take the wheel at Marks and Spencer in May.

The news today (1 February) that Marc Bolland has agreed a release date with former employer Morrisons to join M&S enables both businesses to firmly look to the future.

Morrisons has Bolland's successor in place and M&S will be hoping the former Heineken executive can have a similar effect on its business as he had on its Bradford-based rival.

Bolland is likely to first address the media and the invest community in late May when M&S unveils its annual results, although retail watchers will most probably have to wait until later in the year to hear what the new boss has in store for the business.

A series of question marks hang over M&S, especially after its January trading update sent shares tumbling. Concerns remain over the impact M&S's value strategy is having on margins.

Nevertheless, there were no doubt smiles at M&S's London HQ at today's announcement, with the retailer expressing its "delight" that Bolland will be in the hot seat from 1 May.

And with staff at one UK M&S store facing proposals that could see them formally warned for not smiling at customers, perhaps the sight of Bolland in the weeks to come will bring some much-needed light relief to the shop floor.




Sainsbury's pulls the price lever

Sainsbury's, the UK's second-largest grocer, has set out plans for lower prices on a range of products, a move announced amid signs of pressure on its market share....


Intermarche broke rules with Nutella promo, French watchdog says

The pandemonium in stores of Intermarché as shoppers scrambled to grab jars of cut-price Nutella went viral - but the country's competition watchdog has announced the French retailer broke rules on se...


Big Food in investor spotlight this week at CAGNY

The senior management of a number of the major food manufacturers operating in the US will be in Florida this week for a key date on investor calendars....

Forgot your password?