Marks and speners Essay Example | Topics and Well Written Essays - 750 words

Marks and speners - Essay ExampleMichael brand. The company primarily center on quality and had lucrative refund policy. It opted for international expansion in the seventh decade of the twentieth century. Today, the company has almost 900 stores in more than 40 countries across the globe and is listed in the London channel Exchange as it forms the integral part of the FTSE 100 (Marks and Spencer, n.d.).The Marks and Spencer initiated atomic number 23 year long formulation in the January of 2007 to address the environmental and social issues. The company named it Plan A. It was so because the company wanted to make it stake holders believe that there is no such second plan. The plan primarily focuses upon five themes namely shove along management, fair partnership, health of the employees, change in climate and sustainable raw materials (BBC, 2007).The base Plan A that was drawn in the year of 2007 aimed to make the company carbon neutral by the year of 2012. Also, Plan A said that the retail chain would not send any waste for filling the land and would use sustainable sourcing by the end of 2012. The second phase of Plan A was drawn in the year of 2010. The second phase predominantly aimed to make Marks and Spencer the most sustainable retail chain by the end of 2015. Also, it expects that the company would have 3 million customers who could be acquire involved within the periphery of Plan A by 2020 (Marks and Spencer, n.d.).The core business of the Marks and Spencer has been that of womenswear, menswear, lingerie, nourishment and home. The total revenue of Marks and Spencer for the financial year of 2008 2009 and 2007 2008 has been almost same, the first one exceeding the subsequently by 40 million. But the benefitability of the company has taken a major hit in the year of 2008- 2009. According to the latest annual report of Marks and Spencer, it can be observed that the profit in the financial year of 2008 2009 has been 506.8 million while th e same was 821