Marks and Spencer 2013 Annual Report Download - page 31

Download and view the complete annual report

Please find page 31 of the 2013 Marks and Spencer annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 120

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120

Marks and Spencer Group plc Annual report and financial statements 2013 29
Overview Strategic review Financial review Governance Financial statements and other information
Strategic review
Focus on franchising
We work with over 17 global
franchise partners accounting for
35% of International sales. The
franchise model is lower risk,
capital light, drives profitable
growth and through our partners’
local market expertise, helps us
access prime retail locations. Our
growth plans place greater
emphasis on the franchise model
and we’re working hard to
strengthen relationships and give
our partners confidence to further
invest in the brand.
X PANSION
The coming year will see us continue
to grow our priority markets, with a
strong focus on franchise growth and
a fully integrated multi-channel
approach. We will also drive growth
in emerging markets by selecting
mall developments that offer the very
best opportunities to drive footfall to
our stores.
Total Europe:
155 stores
4 new stores opened (-2 net)
6 new websites
Total Middle East and North Africa:
137 stores
19 new stores opened (+15 net)
Total Asia:
126 stores
22 new stores opened (+18 net)
1 new website
Celebrating Britain
The unique events of 2012
put Britain in the global
spotlight and we capitalised
on our heritage with a range
of British-themed products.
Our commemorative Jubilee
biscuits tins proved extremely
popular, selling over 200,000
internationally.
Looking ahead