M&S to reduce formal menswear offering

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// M&S to trim its formal tailoring offering
// Sales of ties fell almost 6%

Marks & Spencer has said it will reduce its formal tailoring offering as its casual workwear sales continue to decline.

The bellwether retailer said the sales of ties fell nearly six per cent while sales of blazers and formal jackets fell by 10 per cent year on year.

The decline has led the retailer into trimming down its formalwear range, The Guardian reported.


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Meanwhile, Kantar Worldpanel found that since 2015, over £100 million has been wiped off annual suit sales.

In the year ended August 31, British men spent £393 million on suits and paid an average of just £102 for each purchase.

Last week, M&S told analysts and brokers that “progress is behind schedule” by a year and a half for the turnaround of its embattled clothing and home business.

To add to its woes, the struggling retailer was booted off the FTSE 100 last month for the first time since the index was introduced 35 years ago, after its stock market value fell below the threshold for inclusion.

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5 COMMENTS

  1. Too expensive and doesn’t look that great. I went in for a shirt and trousers but everything looked like it was aimed at old men.

  2. Agree with David above the tailoring is aimed at older guys and the fit is poor and not shaped. Also when you do find something you like they never have it in stock so I gave up going in.

  3. I don’t know who they are trying to aim at but most of their mens clothes are old fashioned. The jeans and underwear are the only things that appeal.

  4. They need to approach men’s fashion with more slim fit suits and bold colours .
    Also make the range more attractive for the larger gentlemen 50 and up

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