Marks+&+Spencer

 __Marks & Spencer__ Marks & Spencer (M&S) is a major British Retailer, with over 885 stores in more that 40 different places around the world, over 600 domestic and 285 international. It is the largest clothing retailer in the United Kingdom, as well as being an upmarket food retailer, and as of 2008, the 43rd largest retailer in the world. Most of its domestic stores sell both clothing and food, and since the turn of the century it has started expanding into other ranges such as homewares, furniture and technology.[1] Thomas Spencer was a founder of Marks and Spencer. He was a cashier from the wholesale company I.J Dewhirst and in 1894 he joined Michael Marks to form Marks and Spencer. Spencer decided that the £300 required for a half-share in the business would be a good investment. The running of the business was split between Spencer, who managed the office and warehouse, and Marks, who continued to run the market stalls. Spencer had developed some important contacts while working for Isaac Dewhirst and these allowed him to get the best prices for goods by dealing directly with the manufacturers. Together, Spencer and Marks were able to open stores in Manchester, Birmingham, Liverpool, Middlesbrough, Sheffield, Bristol, Hull, Sunderland and Cardiff. In 1903 Marks & Spencer became a limited company. Spencer's original £300 investment had grown to a value of £15,000, and he retired later that year.[2] ​In line with their business objectives, Marks and Spencer needed to improve the efficiency of managment covering a budget of approximately £30M. The result of this was: significant ongoing savings were realised, and Inenco fees were recovered within the first three months.

Marks and Spencer is a publicly owned company in the retail sector. It is in the retail industry and is a large company.Therefore Marks and Spencer's aim is to attract the customers with appealing, superior quality products at attractive prices. They do this by creating exclusive products for the customers.The company aims to put the customer first in everything they do.

Marks and spencer said that "As almost all of our products are made especially for us, we can ensure that be carefully prepared, so that helps protect the environment, the people who make them and our customers. See our campaign behind the label explains the way we produce and source of some of our products" M&S is donating all the profits from their 5p food carrier bag charging scheme to environmental charity Groundwork; to invest in projects that will improve parks, play areas and public gardens in neighbourhoods around the UK. Marks and Spencers most important plan are the 5 pillars of Climate Change, Waste, Sustainable Raw Materials, Fair Partner, and Health. Marks and Spencers are being socaily responsible by being eco friendly and donating money to help the community - this will earn the publics trust and respect.

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