Marks and Spencer Investment

Marks and Spencer Investment

Marks and Spencer Investment.

Once at the centre of the British high street and renowned for it’s quality.

Recently taking it’s turn on the high street to announce a wave of store closures, this has put over 1,000 jobs at risk.

Marks and Spencer has been heading in a downward trend for a long time, their once loyal shoppers are turning away from the retail side over what has been seen as a shun to it’s clothing design, however more people have been opting in the past for it’s food, though this as well as been struggling.

Marks and Spencer has recently gone in to a joint venture with Ocado, a deal worth in the region of £1.8 Billion.

In the face of online competition from the likes of Amazon, and to being late to the online delivery services where the likes of Tescos, ASDA and Iceland already have a foot in the deliver door.

Marks and Spencer has only a limited range of groceries compared to the likes of Tescos and ASDA.

By joining Ocado, the delivery service well known since the early 2000’s Marks and Spencer hope to catch up and sell it’s quality goods to the customer base straight to the doorstep.

On news on the venture Marks and Spencer share price took a hit as the potential cost of the venture to the business became known, can Marks and Spencer afford the cost or have they left it too late.

We had chance to take a sell position before the announcement believing it’s tired business model may be too little too late for the struggling retailer.

Marks and Spencer Investment

(Our trading and image was done using an account with UK based broker IG)

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