Showing posts with label M&S. Show all posts
Showing posts with label M&S. Show all posts

Thursday, November 03, 2016

How M&S got it wrong in China - Paul French

Paul French
Paul French
Fashion retailer M&S got it all wrong in China as they focused on non-exciting customers, says retail analyst Paul French to Bloomberg. M&S decided to close down some of its China operation to cut their losses, after a very ambitious start in 2008 in Shanghai.

Bloomberg:
Marks & Spencer opened its first Chinese store in Shanghai in 2008 under then-CEO Stuart Rose. Last year, Rose’s successor Marc Bolland closed five smaller regional stores and focused the company’s efforts on Shanghai. M&S currently has ten stores in China, according to its website. It also sells products through Chinese e-commerce sites TMall.com and JD.com. 
“M&S have gotten everything wrong in China,” said Paul French, an independent consultant to western brands in China. “Their U.K. customer base doesn’t really exist there. It’s a more aspirational culture and Britain’s high-end brands have fared better.”
More in Bloomberg.

Paul French is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers´request form.

Are you looking for more strategy experts at the China Speakers Bureau? Do check out this list.