Marks & Spencer launches 1p bazaar
As we covered on one of the earlier post, Marks & Spencer's is this week celebrating 125 years in business with a throwback to the early days and a 1p bazaar involving literally millions of items. However, it has become apparent that many people have been left disappointed by the massive sell-off with a number of the more sought-after products being sold within minutes and people being left to buy retro sweets, socks and passport holders to name but a few.
There have been reports of people queueing overnight only to find out that within a few moments the 5000+ allocation of bazaar products per store had been sold out leaving many frustrated and in some cases angry. However, for those looking to acquire what is actually a large array of items for just 1p the good news is that each of the Marks & Spencer stores will be restocked today and tomorrow although you may need to be there very early to grab the bargains!
Marks & Spencer is one of the bellwethers of the UK retail sector and even though the company itself has been through a number of difficult periods it has outlived many of its more established competitors. While often criticised for being slow to react to customer fashions and customer needs the company has been changed from top to bottom since the introduction of Sir Stuart Rose.
Share this..
Related stories
KPMG warns of more losses for high-street banks
Accountants KPMG have today issued a damning report on the UK banking sector with a belief that bad loans will remain a significant issue for high-street banks for the foreseeable future. A weakening employment market and a property sector which has show signs of life, although never seems to turn the corner could be the catalyst for further large write-offs by the U.K.'s leading banks.
Alistair Darling hits back at French threats to the City of London
The Chancellor of the Exchequer Alistair Darling has today hit back at Nicolas Sarkozy's comments regarding the EU finance ministry and an attack on the power of the City of London financial markets. The attack, which we covered earlier today, was an outright threat to the power of the financial markets in London with EU ministers looking to "spread the power" amongst European markets. However, Al...
Read MoreGreen spending set to increase in Europe
The Centre for Retail Research has today issued a report suggesting that Green spending in Europe will double by 2015. The report is also suggesting that the so-called "price premium" between Green and non-Green products will fall from 46% to 40.5% by 2012. So what will be behind the increase in expected Green spending in Europe? There is no doubt that price competition has been one of the majo...
Read MoreStandard Life hit by £2.45 million fine
UK investment outfit Standard Life was today hit with a £2.45 million fine after being found guilty of misrepresenting the risks of an investment fund to customers. The £2.2 billion investment fund was investigated by the Financial Services Authority (FSA) after complaints from investors who believed they were investing in cash when much of the fund was actually held in riskier floating rate not...
Read MoreBank of Ireland to raise €3.42 billion
The Bank of Ireland has today confirmed plans to raise €3.42 billion with a rights issue and a private placing in the offing. The company, which has suffered from the financial and property downturn in Ireland, needs to boost its capital ratio to abide by new government requirements. The sector as a whole is still struggling and the property market has yet to recover but there are signs that...
Read More