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Plunging necklines blamed for plunging sales by female M&S shareholders (Marks and Spencer in UK)
The Evening Standard (U.K.) ^ | July 9, 2008

Posted on 07/09/2008 1:36:49 PM PDT by Stoat

Plunging necklines blamed for plunging sales by female M&S shareholders

Last updated at 19:42pm on 09.07.08
 

Plunging necklines have been blamed for plunging sales as Marks & Spencer chiefs today came under fire from lady shareholders.

Executives faced complaints from some that its fashions are too young, offering too much cleavage for its loyal older customers.

Investors have been getting worried because the value of M&S shares has slumped in recent days after the iconic high street chain revealed a fall in sales.

And today at the company's AGM at London's Royal Festival Hall, shareholders lined up to offer a diagnosis of what was going wrong.

 
 
Marks & Spencer

Marks & Spencer's reinvented fashions have been accused of being 'too young and low-cut' by mature shareholders

Pensioner, Hilary Roodyne said: 'The clothes are not suitable for our age group. The dresses are too low on top and they don't have sleeves.'
 

Ms Roodyne, who would not give her age, later added: 'They just show too much cleavage and at our age we can't wear that sort of style.'

Another female shareholder complained the store does not provide enough bras.

Elizabeth Sewell said: 'I went shopping for underwear recently and I was told that they no longer stock my favourite style of bra. I was very disappointed and the range of stock is not wide enough.

'They do not cater for all sizes and styles. I also find that clothes are often too small.'

A revival of fashion sales at Marks & Spencer some three years ago was linked to a mult-million pound marketing campaign built around 50-something super-model Twiggy.

Sir Stuart Rose

More than one in five shareholders refused to back Sir Stuart Rose in one of the biggest City rebellions against the director of a major British company

More recent campaigns fronted by a younger Lily Cole, aged 20, and Myleene Klass, aged 30, have not captured the imagination in the same way.

Shareholder Janet Girsman complained that she has been waiting a year for a phone call from the company to explain why they do not stock more shoes.

'Their shoes do not cater for British women. They are just a world-wide style. They are either too thin or too small and they do not fit properly,' she said.

The company's boss, Sir Stuart Rose, was able to placate the lady shareholders, even offering to host a shopping expedition to show them the error of their ways.

He and his fashion team have good reason to believe that they know more about providing a successful fashion brand than those who attend the M&S shareholder meetings.

Among the eye-popping creations promised in the next few months is a collection from the avant garde and eccentric American designer Patricia Field, who was the stylist on the his US TV series and film, Sex And The City.

Her high-heel stiletto shoes include bondage and leopard skin designs, which are unlikely to appeal to M&S's older clientele.

While her more outlandish offerings include silver mini-dresses,  leopard print stretch denim jumpers, 'white trash' necklaces, and metallic purple teeny bikinis.

Sir Stuart, who has previously been hailed as the saviour of the company, has faced a rough ride in recent weeks.

Some have lambasted the performance of sales and shares, while others complained about a decision by the board to make him both the chief executive and chairman.

It is extremely unusual to give this level of power to run a publicly quoted company to one person.

Four years ago, Sir Stuart arrived to head off a takeover by the billionaire boss of Bhs, Sir Philip Green. He subsequently presided over a retail revival that saw profits surge to £1 billion last year.

However, just last week, he revealed that like for like-for-like sales fell by 5.3per cent  in the 13 weeks to June 28.

 
Lily Cole Marks & Spencer

Revealing: Lily Cole models a low-cut dress for Marks & Spencer's Limited Collection

Despite these troubles, Sir Stuart yesterday won overwhelming backing from investors to continue his revamp of the M&S stores and brand.

His elevation to the post of executive chairman - combining the roles of chief executive and chairman - was backed by 94.1per cent of those who voted.

The majority of investors accepted his argument that M&S is the victim of a credit crunch affecting the entire high street.

He said: 'Marks & Spencer is a bit like an early warning system or smoke detector in your kitchen. It has the largest market share of any clothing retailer and the widest geographical spread.

'It listens to its customers and they are saying their purses are pressed. They are saying the cost of living is going up faster than for a long time. They are saying they are feeling the squeeze.'

But the M&S chief pledged to carry on with investment plans such as store refurbishments as it would put the group in a stronger position for a consumer recovery.

Shareholders at the meeting were largely supportive of the retail boss, with one saying Sir Stuart had brought the retailer 'back from the brink of the abyss' since taking over in 2004.

Deputy chairman, Sir David Michels, defended the decision to give Sir Stuart more power, saying: 'He had a job to finish and could do it better than anyone else who was around.

'We are convinced history will show us we made the right decision.'



TOPICS: Business/Economy; Culture/Society; News/Current Events; United Kingdom
KEYWORDS: clothes; clothing; conservatism; fashion; ladies; ladiesfashion; ladyshareholders; marksandspencer; marksspencer; necklines; shareholders; sharholders
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To: Perdogg
She’s not dressed like a slut.

I agree, you want Brit slut try Amy Winehouse.

61 posted on 07/09/2008 4:26:08 PM PDT by wardaddy (most white people are stupid piles of brainwashed guilt addled mush)
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To: lesser_satan

more like maybe 1/4 black or so

course it’s up to her to be what she wants

if she’s running for office then she’s full blown Bantu..lol


62 posted on 07/09/2008 4:28:18 PM PDT by wardaddy (most white people are stupid piles of brainwashed guilt addled mush)
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To: All

Those women are hardly anorexic.

You guys must be hanging around Big Lots and Wal Marts too much.


63 posted on 07/09/2008 4:30:21 PM PDT by wardaddy (most white people are stupid piles of brainwashed guilt addled mush)
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To: WorkingClassFilth

Annyonghaseyo! ; )


64 posted on 07/09/2008 4:41:02 PM PDT by Tamar1973 (Catch the Korean Wave, one Bae Yong Joon film at a time!)
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To: namsman; wideminded; snugs
Wideminded said:

Last time I went to the UK my luggage was somehow diverted to another location and I had to do some clothes shopping. All I have to say is that Marks & Spencer sells much higher quality underwear than similar US stores.

Namsman said:

What a coincidence. While packing for a buiness trip to the UK a few years ago I managed to foget underwear. M & S was the closest store so I bought a few pair. I found them to be so much better than our domestic product that I completely restocked my underwear drawer over my next couple of trips. The present weakness of the dollar is going to make replacements a bit dear though.

Based upon your glowing recommendations, I just now tried to open an online account at Marks and Spencer, but it seems that they 'do not' ship to the United States.

Perhaps we could cajole (and heavily compensate in a pecuniary sense) our friend Snugs to do a little shopping for us at her neighborhood M&S and then ship the items to FReepers, effectively making her "The Free Republic Marks and Spencer Outlet"

Considering the exchange rates, customs, postage and the deserved commission for Snugs, I'm thinking that it will all be a rather expensive proposition, unfortunately.

Probably best to simply visit our British Friends more often and do some serious shopping while we're there  :-)

65 posted on 07/09/2008 4:49:42 PM PDT by Stoat (Rice / Coulter 2012: Smart Ladies for a Strong America)
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To: Stoat

A lot of my friends swear by M & S underwear.

Their food products are also of very high quality though more expensive than the average supermarket with similar prices but higher quality than the local corner shops


66 posted on 07/09/2008 5:20:23 PM PDT by snugs ((An English Cheney Chick - Big Time))
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To: B-Chan

Marks and Spencers traditional are the blouse and skirt or suit jacket and skirt (what my mother called a costume) type clothes so these fashions are not aimed at their core market. For their core market they would find these fashions to risky even if the majority of other people these days do not.


67 posted on 07/09/2008 5:26:03 PM PDT by snugs ((An English Cheney Chick - Big Time))
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To: wideminded; namsman
M&S Men's underwear update:

FYI, I've gotten 164 hits for the search string "Marks and Spencer underwear" in the Men's Clothing area of eBay's UK site.

I've bought a few things from UK eBay sellers in the past who were delighted to ship to the USA, and I had good luck with all of my transactions.

Just something to consider as an additional option   :-)

All matching items for sale.

68 posted on 07/09/2008 5:26:05 PM PDT by Stoat (Rice / Coulter 2012: Smart Ladies for a Strong America)
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To: Nonstatist

I’m pretty damn sure I saw her in National Geographic last year.


69 posted on 07/09/2008 5:27:05 PM PDT by Lee'sGhost (Johnny Rico picked the wrong girl!)
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To: Stoat
Ebay idea is a good one especially if people have access to an outlet store of Marks and Spencer's.
70 posted on 07/09/2008 5:29:38 PM PDT by snugs ((An English Cheney Chick - Big Time))
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To: snugs
A lot of my friends swear by M & S underwear.

Their food products are also of very high quality though more expensive than the average supermarket with similar prices but higher quality than the local corner shops

Thank you so much!  I will definitely be looking into some UK eBay purchases, although probably not for perishable food items  :-)

71 posted on 07/09/2008 5:35:45 PM PDT by Stoat (Rice / Coulter 2012: Smart Ladies for a Strong America)
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To: Stoat

The problem with women’s clothes is that they are designed for (skinny) teenagers. There is not much stylish on the rack for a woman of 50. And it is too bad, because women of 50+ have far more money to spend on clothes than do teenagers.


72 posted on 07/09/2008 7:38:25 PM PDT by goldfinch
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To: Nonstatist

Geez, I really do miss the old National Geographic’s!


73 posted on 07/09/2008 7:45:34 PM PDT by aShepard (Loose lips sink ships!)
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To: Pinkbell

If you are going to force me to scroll past the photo of these four, you need to make it right and put an appropriate photograph to offset the retinal damage you have afflicted me with. You simply cannot be that detatched from the pain and suffering you are causing all freepers. Now, do it.


74 posted on 07/09/2008 9:38:28 PM PDT by Texas Songwriter
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To: Texas Songwriter
This should do it!


75 posted on 07/09/2008 11:10:36 PM PDT by Pinkbell (Don't blame me, I supported Duncan Hunter.)
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To: Texas Songwriter
an appropriate photograph to offset the retinal damage

 

img28/4899/miniskirt.jpg

 

img90/9622/raquelwelch6resizedgv7.jpg

img204/337/claudiacardinale4ii.png

 

img68/3701/bbardot2vw6.jpg

img68/5582/claudiacardinale2pb9.png

76 posted on 07/09/2008 11:54:22 PM PDT by Stoat (Rice / Coulter 2012: Smart Ladies for a Strong America)
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To: metmom

Yup that’s what we’ve ended up having to do. Heck, my wife even buys men’s jeans shorts because she can’t stand the hootchie mama look of women’s clothing...and she’s got a nice figure. She doesn’t feel like she has to flaunt it to the world though.


77 posted on 07/10/2008 4:44:59 AM PDT by Slapshot68
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To: Slapshot68

Good for her. All that matters is what YOU think of her.


78 posted on 07/10/2008 4:47:35 AM PDT by metmom (Welfare was never meant to be a career choice.)
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To: Slapshot68
my wife even buys men’s jeans shorts because she can’t stand the hootchie mama look of women’s clothing..

Are you sure it's not just 'cause she wants to see men out of their shorts??

79 posted on 07/10/2008 5:49:36 AM PDT by Hegewisch Dupa (The goo on John Kerry's flip-flops)
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To: Pinkbell

You know, we sort of make fun, but this poor lady must feel just awful all of the time. Would you look at her pannus. It is litterally inches from her ankle. What a shame. Hope she gets some help.


80 posted on 07/10/2008 8:11:44 AM PDT by Texas Songwriter
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