M&S in cash call on suppliers
Marks & Spencer has asked clothing suppliers to dish out tens of millions of pounds to help pay for its latest store refit plan.
The high street giant last week asked its top 60 homeware and clothing suppliers to contribute 1.25% of their turnover to the programme, according to the Financial Times. The move would be likely to raise tens of millions of pounds.
The news comes after Marc Bolland last month said the retailer needed to make its in-store experience more "special".
Meanwhile, M&S has signalled plans to open up to 90 of its biggest high street stores on Boxing Day. The retailer has reportedly asked staff for volunteers to work on the holiday.
“We know some customers will be out and about in some shopping centres and would love to be able to shop with us,” a spokesman said.
M&S fills out its sandwiches (1 October 2011)
Asbestos failings land M&S with £1m fine (28 September 2011)
Bolland bids to make M&S more 'special' (12 September 2011)