logo
UK retailer M&S boosts shopping experience with new format stores

UK retailer M&S boosts shopping experience with new format stores

Fibre2Fashiona day ago
M&S is stepping up its rotation and renewal programme, with sixteen new, nine extended and twelve renewed stores planned to launch this financial year. The new and renewed stores represent £300million (~$411 million) of investment.
All the stores will have the latest signature M&S format, with bright entrances, wider aisles and modern shelf displays to showcase the quality products from Dine In to fresh produce.
M&S is investing over £300 million (~$411 million) this financial year to launch 16 new, 9 extended, and 12 renewed stores featuring modern formats with wider aisles, fresh food halls, and enhanced shopping experiences. Part of a wider plan to open 47 new or renewed stores by FY 2028, the retailer is also exploring over 300 new UK locations to expand its estate.
The new stores include 12 food halls, two full line stores and two outlets with the previously announced brand-new full line stores in Bath Southgate and Bristol Cabot Circus, and new Food halls in Bell Green Sydenham, Abingdon, Cannock and Farnham. M&S will also renew twelve and extend nine existing stores, bringing a wider range of products to customers on a variety of shopping missions.
In the last year, M&S has signed 47 deals for new and renewed stores to open by FY 2028 – more than the previous three years combined and marking a significant acceleration in momentum in its investment across its owned estate.
The new stores opening this summer offer customers a great quality shopping experience whether for Food on the Move in Bristol Airport, a weekly shop in Aberdeen or click and collect from Fashion, Home and Beauty products online on the way home from work on Oxford Street.
M&S continues to identify new locations to further fill its pipeline of new stores to bring customers a better shopping experience with market-style fruit and vegetables, bakeries equipped with barista-style coffee and wider spacious aisles from the beauty counter to the checkout. Over 300 new locations are being considered for new stores across the UK from Elgin to Exeter.
M&S CEO Stuart Machin said: ' This year we are stepping up the pace of our programme and investing over £300m to rotate and renew stores across the country. We have a rigorous strategy to make sure we have the right stores in the right places, and this year we will deliver 37 new and renewed stores with the best of our Food, Fashion and Home and Beauty to our 32 million customers.' Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

US Stock market hits record highs after blowout June jobs report: S&P 500 tops 6,227, Nasdaq soars to 20,393, Dow nears all-time high as Nvidia, Datadog, and Lucid rally
US Stock market hits record highs after blowout June jobs report: S&P 500 tops 6,227, Nasdaq soars to 20,393, Dow nears all-time high as Nvidia, Datadog, and Lucid rally

Economic Times

time26 minutes ago

  • Economic Times

US Stock market hits record highs after blowout June jobs report: S&P 500 tops 6,227, Nasdaq soars to 20,393, Dow nears all-time high as Nvidia, Datadog, and Lucid rally

US stock market today rises after surprise June jobs data; Dow, S&P 500, Nasdaq climb. Fed rate cut hopes fade. Trump slams Powell again. Trade talks, chip software curbs lifted, and Trump's tax bill shape market outlook ahead of July 4. Stock market today: Dow, S&P 500, Nasdaq jump as strong jobs data dashes July Fed rate cut hopes- US stock market today showed a strong start to July as the Dow Jones, S&P 500, and Nasdaq Composite all climbed on Thursday, fueled by a better-than-expected June jobs report. The S&P 500 rose 0.7%, the Nasdaq added 0.8%, and the Dow gained over 0.6% — building on fresh record highs reached the day before. While the upbeat jobs data showed surprising strength in the labor market, it also reduced expectations for an immediate Federal Reserve interest rate cut. S&P 500 : Gained 0.6% to close at a record 6,227.42 , driven by strength in tech and consumer sectors. : Gained 0.6% to close at a , driven by strength in tech and consumer sectors. Nasdaq Composite : Jumped 0.9% to finish at an all-time high of 20,393.13 , led by AI and semiconductor stocks. : Jumped 0.9% to finish at an , led by AI and semiconductor stocks. Dow Jones Industrial Average: Rose 0.7%, ending just shy of 44,600 points—approaching record territory. Bond yields ticked higher, with the 10-year Treasury yield climbing to around 4.33% as rate-cut bets were delayed. The U.S. dollar also strengthened in response to the upbeat data. Thursday's data from the Labor Department showed that 147,000 new jobs were added in June — much higher than economists' forecast of 106,000. In addition, the unemployment rate dipped to 4.1%, defying predictions it would rise slightly. Notably, May's job numbers were also revised upward, signaling that the labor market remains healthier than expected. This sudden burst of job creation sent a message to markets: the Federal Reserve may not cut rates as early as hoped. Investors who were betting on a July rate cut scaled back those expectations, especially as the data contradicts recent signs of labor market cooling. The US stock market today ended on a strong note ahead of the Independence Day break, with major indexes climbing following a better-than-expected June jobs report. The Dow Jones, S&P 500, and Nasdaq Composite all posted gains, extending their recent record-setting streaks. Dow Jones Industrial Average (DJI) : 44,565.75 , up 81.3 points (+0.18%) : , up S&P 500 (GSPC) : 6,246.46 , up 19.0 points (+0.31%) : , up Nasdaq Composite (IXIC): 20,497.66, up 104.5 points (+0.51%) The S&P 500 marked its fourth record close in five sessions, while the Nasdaq continued its tech-driven rally with strong gains. 10-Year Treasury Yield : Rose to around 4.34% : Rose to around 2-Year Treasury Yield: Moved up to roughly 3.88% Yields increased as investors reassessed the timeline for a Federal Reserve interest rate cut following the strong labor data. Jobs added in June : 147,000 (versus expectations of 106,000) : (versus expectations of 106,000) Unemployment rate : 4.1% : May payrolls: Revised upward This stronger-than-expected report signaled continued resilience in the labor market, leading investors to pull back bets on a July rate cut. Tech ruled the day, with AI and chip stocks in the spotlight: Nvidia (NVDA) surged again, pushing its market cap closer to the $4 trillion mark. Datadog (DDOG) spiked over 11% after news that it's joining the S&P 500 index, replacing Juniper. Synopsys (SNPS) and Cadence Design (CDNS) gained around 4% each, boosted by loosened export restrictions on advanced chips. Travel and banking stocks also showed strength: Expedia (EXPE) climbed 3.6% JPMorgan Chase (JPM) rose 1.3% EV makers gained ground: Lucid (LCID) jumped 6% Rivian (RIVN) added 2% on solid Q2 delivery numbers. Other notable movers: TripAdvisor (TRIP) soared over 16% after an activist investor disclosed a new stake. Oil stocks saw modest gains, with WTI crude trading near $67/barrel. Homebuilders and REITs lagged slightly as higher yields pressured real estate. Lifting of chip design software export restrictions to China boosted shares of top US semiconductor software companies Optimism grew around a new US-Vietnam trade agreement President Trump's proposed tax and spending bill neared a final vote, with expectations of passage by July 4 These developments helped improve outlooks on trade stability and fiscal policy, further supporting the stock market. US–Vietnam Trade Agreement : A fresh trade deal lifted sentiment for consumer and tech exporters, including names like Nike . : A fresh trade deal lifted sentiment for consumer and tech exporters, including names like . US Trade Deficit : Widened by 18.7% in May to $71.5 billion , driven by falling exports. : Widened by in May to , driven by falling exports. UK Markets: British stocks and bonds rebounded as the Labour party reaffirmed fiscal discipline ahead of elections. July 3 (Thursday) : Markets closed early at 1:00 p.m. ET : Markets closed early at July 4 (Friday): All US stock markets closed for Independence Day President Donald Trump, who has frequently criticized Fed Chair Jerome Powell, intensified his pressure campaign on Wednesday night. In a pointed social media post, Trump said Powell 'should resign immediately.' Reports also suggest that Trump might move to announce Powell's replacement soon, adding uncertainty to the Fed's outlook. While investors have long followed the Fed-President dynamic, the renewed tension is playing a growing role in rate cut expectations. Trump's comments added to speculation that a change in leadership might favor sooner rate reductions, keeping traders on high alert. Yes — and they're becoming more significant. The July 9 deadline for global trade talks has traders watching closely. President Trump's newly inked trade deal with Vietnam has been viewed as a win, easing worries about broad tariffs. Investors are now hopeful that more trade agreements might roll in before the tariff deadline, helping to stabilize international commerce. Another promising signal came from Washington's move to lift restrictions on chip design software exports to China, which marks a possible easing in US-China trade tensions. Shares of Synopsys (SNPS) and Cadence Design Systems (CDNS) — top U.S. software providers in that space — saw sharp premarket gains on the news. President Trump's ambitious tax and spending bill, a major economic move, passed a critical procedural vote in the House on Thursday. The package — which includes substantial federal tax changes and public spending boosts — is expected to go for a final vote by Friday, July 4, which is Trump's stated deadline. House Speaker Mike Johnson confirmed he has the support needed to pass the bill. If signed into law, the legislation could have a sweeping impact on multiple sectors, from energy and infrastructure to healthcare and defense — and ultimately influence stock market movement in the second half of 2025. Shortened session : U.S. markets closed early at 1 p.m. ET ahead of the July 4th holiday. : U.S. markets closed early at ahead of the July 4th holiday. What's next? Investors will be closely watching upcoming inflation reports, Fed commentary, and developments in global trade talks. Index Level Change Dow Jones 44,565.75 ▲ +81.3 (+0.18%) S&P 500 6,246.46 ▲ +19.0 (+0.31%) Nasdaq 20,497.66 ▲ +104.5 (+0.51%) With Independence Day falling on Friday, US stock markets closed early at 1 p.m. ET on Thursday, and they'll remain shut on Friday, July 4. The early close is standard practice ahead of major federal holidays and often comes with lighter trading volume. Despite the shortened session, Thursday still packed a punch with key economic data, political headlines, and trade developments driving Wall Street's strong momentum into the long weekend. The US stock market today surged as the Dow, S&P 500, and Nasdaq all posted solid gains following a stronger-than-expected June jobs report. The surprise strength in hiring dashed hopes for a July Federal Reserve rate cut, while Trump's ongoing conflict with Fed Chair Jerome Powell and fresh optimism on the trade front helped fuel investor sentiment. Markets also saw a boost from the expected passage of Trump's tax and spending bill, while tech stocks jumped after curbs on software exports to China were lifted. As Wall Street heads into the holiday break, all eyes remain on Fed policy, Trump's next move, and the global trade landscape ahead of the July 9 tariff deadline. Q1. What did the June jobs report show for the US stock market today? The June report added 147,000 jobs, boosting stocks but lowering rate cut hopes. Q2. How is Trump influencing the Federal Reserve rate decisions? Trump called for Powell to resign, raising pressure on the Fed for future rate cuts.

10 ISRO Technologies Transferred To Indian Firms, Says IN-SPACe
10 ISRO Technologies Transferred To Indian Firms, Says IN-SPACe

India.com

timean hour ago

  • India.com

10 ISRO Technologies Transferred To Indian Firms, Says IN-SPACe

New Delhi: The Indian National Space Promotion and Authorisation Centre (IN-SPACe) on Thursday said it facilitated the transfer of 10 state-of-the-art technologies developed by the Indian Space Research Organisation (ISRO) to six Indian companies. The tripartite Technology Transfer Agreements (TTAs) were signed between NewSpace India Limited (NSIL), the six companies, and IN-SPACe at the IN-SPACe headquarters in Ahmedabad. The technology transfers will give private players the opportunity to access the developed technologies available with ISRO, enabling them to use space-related technology for commercial applications in space as well as other sectors. The technologies that foster satellite launch, ground station infrastructure, and geospatial applications are expected to deepen industry participation, enable indigenisation, and reduce dependency on foreign technologies. 'The transfer of these technologies marks yet another significant step towards empowering the private sector to harness and commercialise space technologies. ISRO has a flourishing repository of R&D in space technologies, and it is time we leverage that to the optimum to strengthen India's space industrial ecosystem, and in that, industry-led innovation will play a key role,' said Dr. Pawan Goenka, Chairman, IN-SPACe. Two advanced inertial sensors -- the Laser Gyroscope and the Ceramic Servo Accelerometer -- developed by ISRO's Inertial Systems Unit, for potential use in satellite launch vehicles, have been transferred to Hyderabad-based Zetatek Technologies. The company has over 25 years of expertise in Inertial Navigation System (INS) testing, calibration, and QA/QT equipment. Three technologies related to ground station operations -- S/X/Ka tri-band dual circular polarised monopulse feed, tri-axis antenna control servo system, and Ku/C/L and S Band Cassegrain feed -- have been transferred to Avantel and Jisnu Communications, Hyderabad-based companies specialising in end-to-end communications solutions for space and defence platforms. These technologies, currently sourced from foreign vendors, will enable self-reliance in critical ground station infrastructure. Further, two geospatial models developed by SAC/ISRO for pest forewarning and semi-physical crop yield estimation were transferred to Ahmedabad-based Amnex Info Technologies, to be deployed in agricultural decision-making and crop protection. A compact, multi-parameter, portable bathymetry system developed by NRSC/ISRO has been transferred to Jalkruti Water Solutions, Ahmedabad, to enable UAV-based integration for water resource monitoring. Further, VSSC/ISRO's ceramic-based flame-proof coating technology -- originally developed for launch vehicle applications -- has been acquired by Ramdev Chemicals, Ahmedabad, for wider industrial applications. 'With this transfer, we are taking a pivotal step toward building indigenous capabilities within India. ISRO, IN-SPACe, and NSIL will collaboratively provide comprehensive handholding support to all the industry players to ensure successful absorption of the technology,' said Rajeev Jyoti, Director, Technical Directorate, IN-SPACe.

Benchmarks end lower amid late sell-off; Nifty slips below 25,450
Benchmarks end lower amid late sell-off; Nifty slips below 25,450

Business Standard

time2 hours ago

  • Business Standard

Benchmarks end lower amid late sell-off; Nifty slips below 25,450

The headline equity indices closed with modest losses today, extending their losing streak for the second straight session. The Nifty 50, which climbed to an intraday high of 25,587.50 in the afternoon, eventually slipped to end below the 25,450 mark as profit booking in the final hour erased early gains. Supported by positive global cues, the market opened on a firm note and saw continued buying through the first half of the session. However, the rally lost steam toward the close, dragging key indices lower. Sector-wise, PSU bank and metal stocks came under pressure, while consumer durables and healthcare stocks provided some support with notable gains. The S&P BSE Sensex fell 170.22 points or 0.20% to 83,239.47. The Nifty 50 index lost 48.10 points or 0.19% to 25,405.30. In two consecutive sessions, the Sensex and Nifty are down by 0.54% and 0.53%, respectively. SBI Life Insurance Company (down 2.72%), Bajaj Finserv (down 1.38%) and Bajaj Finance (down 1.30%) were major drags. In the broader market, the S&P BSE Mid-Cap index shed 0.06% and the S&P BSE Small-Cap index rose 0.47%. The market breadth was positive. On the BSE, 2009 shares rose and 2001 shares fell. A total of 158 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 0.48% to 12.39. Economy: The seasonally adjusted HSBC India Services PMI Business Activity Index based on a single question asking how the level of business activity compares with the situation the month before rose from 58.8 in May to a ten-month high of 60.4 in June. The HSBC India Composite PMI Output Index rose from 59.3 in May to 61.0, indicating the fastest rate of expansion in 14 months. India-US trade deal update: India and the United States are reportedly close to finalising an interim trade deal, with both sides aiming to seal it within the next 48 hours. Negotiations are underway in Washington, where Indias trade delegation has extended its stay to iron out key issues ahead of the July 9 deadline. Thats when the 90-day pause on the 26% US tariffs is scheduled to expire. Numbers to Track: The yield on India's 10-year benchmark federal paper added 0.19% to 6.300 from the previous close of 6.288. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 85.3550 compared with its close of 85.6200 during the previous trading session. MCX Gold futures for 5 August 2025 settlement shed 0.14% to Rs 97,253. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.01% to 96.44. The United States 10-year bond yield lost 0.84% to 4.254. In the commodities market, Brent crude for September 2025 settlement fell 19 cents or 0.26% to $68.93 a barrel. Global Markets: Most European stocks advanced on Thursday as investors awaited the release of U.S. jobs data. Most Asian shares ended higher after U.S announced trade deal with Vietnam. According to a post on Truth Social, the U.S. will slap a 20% tariff on Vietnamese imports, while Vietnam will impose "ZERO Tariff" on U.S. goods. The announcement comes as Trumps 90-day tariff reprieve nears its deadline. Back in the U.S., Wall Street closed on a mixed note. The Dow Jones dipped 0.02%, while the S&P 500 rose 0.47%, and the Nasdaq jumped 0.94%. Tesla made headlines with a sharp 5% rebound, recovering from the previous days drop triggered by another round of sparring between Trump and Elon Musk. The EV giant reported Q2 deliveries of 384,122 vehicles, down from 443,956 last year but beating analyst expectations. Meanwhile, U.S. private payrolls disappointed again. June saw a decline of 33,000 jobs, against expectations of a 99,000 gain. Mays figures were also revised down to 29,000, marking the weakest two-month stretch since early 2023. The soft labor data reflects employer caution and worker hesitation amid tariff-related economic jitters. All eyes are now on the upcoming nonfarm payrolls report, due Thursday, which could provide clues on the Feds next move on interest rates. Markets will wrap up early on Thursday ahead of the July 4 Independence Day holiday. New Listing: Shares of Indogulf Cropsciences settled at Rs 110.80 on the BSE, representing a discount of 0.18% compared with the issue price of Rs 111. The scrip was listed at 111, matching the initial public offer (IPO) price. The stock has hit a high of Rs 112.60 and a low of Rs 105.45. On the BSE, 8.19 lakh shares of the company were traded in the counter. Stocks in Spotlight: Tata Power fell 1.65% after the company disclosed that an international arbitration tribunal has partially ruled in favour of Kleros Capital Partners in an ongoing dispute. In a stock exchange filing dated 2 July 2025, Tata Power informed investors that the three-member tribunal, by a majority of two to one, has awarded Kleros damages amounting to $490.32 million, along with simple interest at the rate of 5.33% from 30 November 2020, until payment is made. Additionally, the tribunal awarded Kleros a further $8.29 million as legal costs, also carrying simple interest of 5.33% from 1 July 2025, until paid. The arbitration proceedings were initiated by Kleros in November 2020, and oral hearings concluded in February 2024. The award was received by Tata Power after business hours on 1 July 2025. Biocon rose 1.76% after the company said that Biocon Biologics has received the European Commission (EC) marketing authorisation in the European Union (EU) for Vevzuo and Evfraxy biosimilars of Denosumab. Arkade Developers jumped 4.01% after the company announced the acquisition of redevelopment rights of a strategically located society in Bangur Nagar, Goregaon West. The site offers a RERA saleable area of approximately 86,000 square feet and an estimated revenue potential of Rs 350 crore. Bajel Projects hit an upper circuit of 5% after the company secured a mega order from PowerGrid Corporation of India for a critical 400 kV transmission line project. According to the companys classification, a mega contract is valued between Rs 300 crore and Rs 400 crore. Rail Vikas Nigam shed 0.5%. The company said that its board has approved the appointment of Chandan Kumar Verma as chief financial officer (CFO) with effect from 2 July 2025. Avenue Supermarts (DMart) slipped 1.04%. The company announced that the total number of DMart stores as of 30 June 2025 stood at 424. It has reported standalone revenue of Rs 15,932.12 crore in the quarter ended 30 June 2025, recording a growth of 16.19% from Rs 13,711.87 crore posted in the same period a year ago. Punjab National Bank (PNB) fell 3.21%. The bank's domestic deposits increased 12.2% to Rs 15,36,871 crore as of June 2025 compared with Rs 13,69,916 crore posted in June 2024. Baazar Style Retail tumbled 8.46%. The company reported 36.99% growth in revenue to Rs 377.70 crore in Q1 FY26, compared with Rs 275.70 posted in Q1 FY25. Tata Power declined 1.65% after the company disclosed that an international arbitration tribunal has partially ruled in favour of Kleros Capital Partners in an ongoing dispute. The arbitration, conducted under the Singapore International Arbitration Centre (SIAC) rules, stems from claims made by Kleros that Tata Power breached confidentiality and non-circumvention clauses outlined in a Non-Disclosure Agreement. Mahindra & Mahindra Financial Services rose 0.29% after the company reported a 1% year-on-year increase in overall disbursements at Rs 12,800 crore for the first quarter. NBCC (India) lost 2.16%. The company said that it has signed a memorandum of understanding (MoU) with the National Film Development Corporation (NFDC), under the Ministry of Information and Broadcasting. IPO Update: The initial public offer (IPO) of Crizac received bids for 6,89,14,994 shares as against 2,58,36,909 shares on offer, according to stock exchange data at 16:45 IST on Thursday (3 July 2025). The issue was subscribed 2.67 times. The issue opened for bidding on Wednesday (2 July 2025) and it will close on Friday (04 July 2025). The price band of the IPO is fixed between Rs 233 and 245 per share. An investor can bid for a minimum of 61 equity shares and in multiples thereof.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store