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Strategic Financial Management - Marks and Spencer - Essay Example
Finance & Accounting
Pages 14 (3514 words)
This report focuses on studying the strategic financial management of M&S that leads the company in its industry resulting in improved business outputs and financial results and a comparative study with Next Retail limited and Debenhams Plc. …
The intention of this study is Marks and Spencer as a brand of retailer group in the United Kingdom leading among several companies. The company provides its customers with clothing and other home products that are superior in quality and provide high value for money to the customers. The company is into the businesses of clothing, home products as well as food. It is also presently known for its environmental friendly activities. The Marks and Spencer company leading in its market in providing its customers with high quality clothing and home products as well high value for the food products it sells. The reporting of the company on its performances reflect that the company not only focuses on selling products and generate revenues, but it also has social and environmental objectives that deal with serving the society and the environment as a whole. As the reporting of the company reflects, the company’s turnover has been recorded to be £8.7 billion in the last year obtained from clothing, home and food products. The clothing and home products have been found to gain sales revenues of £4.2 billion showing an increase of around 3.9 percent from the previous year. Food products have also reflected increase in sales from the previous year generating revenues of £4.5 billion from sales. The company has around 700 stores that make the products of the company available to its customers (About M&S, 2011). The above mentioned results reflect the financial performances of the company that has shown highly improved and satisfactory results for the company implying the financial objectives of the company to be successful in its implementation. ...
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