Marketing91

  • HOME
  • Marketing Concepts
    • Marketing
      • Retail Tutorials
      • Market Research
      • Customer Management
    • Strategy
    • Management
    • Advertising
    • Branding
    • Business
    • Finance
    • Sales
    • Career Guidance
  • Digital Concepts
    • Blogging
    • Search Engine Optimization
    • Social Media Marketing
    • Facebook Marketing
    • Internet Marketing
    • Ecommerce
  • Brands
    • Marketing Mix of Brands
    • SWOT analysis of Brands
    • Brands Strategy Analysis
    • Business Models
    • Brand Competitors
    • TOP 10
  • Courses
Home » Marketing Mix » Marketing mix of Marks and Spencer

Marketing mix of Marks and Spencer

April 13, 2019 By Hitesh Bhasin Tagged With: Marketing Mix

Marks and Spencer, commonly known as M&S, is a public limited company of British origin. It is associated with Lifestyle and Retail industry as it deals in the retail category. The famous company was founded in the year 1884 by its co-founders Thomas Spencer and Sir Michael Marks. It faces competition from

  • Farmfoods
  • Tesco
  • Centra
  • Asda
  • Aldi

Table of Contents

  • Products in the Marketing mix of Marks and Spencer
  • Place in the Marketing mix of Marks and Spencer
  • Price in the Marketing mix of Marks and Spencer
  • Promotions in the Marketing mix of Marks and Spencer

Products in the Marketing mix of Marks and Spencer

Marketing mix of Marks and Spencer - 1

Marks and Spencer believes in eco-friendly goods and fair-trade products and hence has worked wholeheartedly towards achieving it. It has a diversified product portfolio that includes

Women

  • Apparel- Jackets, coats, trousers, t-shirts, tops, beachwear, swimwear, workwear, suits, sportswear, skirts, shorts, blouses, shirts, leggings, joggers, cardigans, jumpers, jeans and dresses
  • Accessories- Watches, jewellery, purse and handbags
  • Footwear- Slippers, shoes, sandals and boots
  • Lingerie- Camisoles, vests, thermals, shapewear, slips, bodies, nightdresses, general knickers, t-shirt bra, sports bra, strapless bra, post-surgery bra, the maternity bra, first bra, DD+ bra and bracelets

Men

  • Footwear- Socks, slippers and footwear
  • Nightwear- Dressing gown, pyjamas and underwear
  • Formalwear- Suits, customized shirts, blazers, jackets, formal trousers and formal shirts
  • Apparel- Polos, t-shirts, tops, swimwear, shorts, cardigans, jumpers, joggers, jeans, jackets, coats, chinos, casual trousers and casual shirts
  • Accessories- Wallets, ties, luggage, briefcase and bags

Kids

  • School uniform for both girls and boys
  • Girls- Jumpsuits, dresses, underwear, shorts, trousers, t-shirts, tops, swimwear, tights, socks, dressing gowns, pyjamas, slippers, boots and shoes
  • Boys- Underwear, shorts, trousers, t-shirts, swimwear, socks, dressing gowns, pyjamas, slippers, boots, shoes and suits

Beauty-

  • Skincare- Toners, night cream, serum, exfoliator, eye-care and day cream
  • Make-up- Nail polish, lipstick and foundation
  • Hair care- Conditioner and shampoo
  • Toiletries- Soaps, moisturizer, hand-wash, hand cream, shower gel and bath gel

Home

  • Accessories- Artificial flowers, candle holder, curtains, cushions, lighting, mirror, figurines, vases, rugs and ornaments
  • Bed and Bath- Towels, bath mats, children’s bedding and bedding
  • Cooking and dining- Table linen, serve-ware, glassware, dinnerware, cutlery, baking and cookware
  • Travel bags and luggage

Furniture

  • Sofa, love seats, footstools, armchairs, tv cabinet, side table, console table, bookcases, dining chair, dining table and display cabinet

Wine

  • Red wine, white wine, rose wine, champagne, cava and sparkling

Food

  • Cakes, cold meat, fruit, fish, desserts and cheese

Flowers

  • Flower bouquets, luxury flower, outdoor plant, orchids and indoor plant

Place in the Marketing mix of Marks and Spencer

Marks and Spencer has spread its presence in the international market to include places like Egypt, Spain, Qatar, Jordan, Morocco, Finland, Ireland, Kabul, Canada, France, Germany, Belgium, China, India and Austria. It is a multinational retailer with its headquarters based at City of Westminster in London.

The company has established overseas offices in Sri Lanka, Indonesia, Italy, China, Turkey, Bangladesh, India, Thailand, Hong Kong and Malaysia. In Unitthe ed Kingdom it operates via nine hundred and seventy-nine outlets and recently its overseas outlet count has crossed one thousand marks. In India, it started its operations since the year 2001 and has more than fifty outlets for selling its products.

Marks and Spencer sells its products via its outlets, which are strategically chosen to gain maximum brand visibility and customers. Its outlets are tastefully decorated to offer a soothing ambience. By the end of the year 2017, the company had eighty-four thousand, nine hundred and thirty-nine employees who offered best possible services to its customers.

In the year 1999, the company launched its online shopping store for the first time and since then the customers can make a purchase and also get the home delivery facility. The online stores offer the option of buying in local currency to suit the customer’s needs.

Price in the Marketing mix of Marks and Spencer

At the end of the financial year 2017, Marks and Spencer posted its revenues and net income at 10,622.0 million pounds and 115.7 million pounds respectively. Its operating income was 690.6 million pounds.

Marks and Spencer have its own brand for apparels. It caters to upper and upper-middle class section of society. Its products are perceived as value for money because of its diversified range, convenience and high quality of products.

The company has its own in-house brand for apparels which are meant for everyone including men, women and children. These products are of premium quality but the company has kept its prices between medium to high range. Marks and Spencer face rivalry in the consumer market. Strong competition means limited market share and in order to increase its mass-market consumption, the company has adopted a competitive pricing policy.

Marks and Spencer have adopted a dynamic pricing policy and during off seasons, festive seasons and seasonal time it offers incentives and discounts to its customers. This results in two-way benefit. The company is able to clear its old stock and the incentives help in larger sales figures.

Promotions in the Marketing mix of Marks and Spencer

Marketing mix of Marks and Spencer - 2

Marks and Spencer believe in full-on marketing policy and has aligned itself with every possible tool. It has adopted both above-the-line and below-the-line strategies to make its presence felt. The brand has chosen its campaigns very carefully and displayed it in print, digital and visual medium. Ads are placed in magazines, newspapers, radio, television channels, billboards and hoardings. The brand realises the importance of celebrity endorsements and over the years has roped in several personalities to market its products like Myleene Klass, Antonio Banderas, Lisa Snowdown and John Sergeant.

 Marks and Spencer has an in-store strategy that helps in promoting its products via its outlets. Its favourite promotional medium is online and promotes heavily via its own website. Product information, as well as promotional activities and related information, are all uploaded in the website at regular intervals. News of various discounts, offers and incentives are also first known via its official website.

Marks and Spencer has a loyalty program Sparks that keeps on adding points to customer’s account. This is based on the total amount of shopping by the customer. Reward points are collected and later can be redeemed on further purchases. The company believes in charitable works and has taken an active part in several events. In the year 2015, Spark Something Good event was launched by the company where volunteers worked on various charities.

Share this post:

Share on Facebook Share on Twitter Share on LinkedIn Share on Email Share on WhatsApp
Digiaide Marketing and Digital Marketing Courses

Related posts:

  1. Marketing Mix Of Jockey – Jockey Marketing Mix
  2. Marketing mix of Banana Republic
  3. Marketing mix of Diesel
  4. Marketing mix of Mango
  5. Marketing Mix Of FCUK – FCUK Marketing Mix
  6. Marketing Mix Of Fabindia – Fabindia Marketing Mix
  7. Marketing Mix Of Lacoste – Lacoste Marketing Mix
  8. Marketing Mix Of Forever 21 – Forever 21 Marketing Mix
  9. Marketing Mix Of Arrow
  10. Marketing Mix Of Jack And Jones – Jack And Jones Marketing Mix

What Do You Want To Learn About? (Start Here)

  1. Marketing Hub
  2. Management Hub
  3. Marketing Strategy
  4. Advertising Hub
  5. Branding Hub
  6. Market Research
  7. Small Business Marketing
  8. Sales and Selling
  9. Marketing Careers
  10. Customer Management
  11. Top 10 Lists
  1. Internet Marketing
  2. Blogging
  3. Search Engine optimization
  4. E-commerce
  5. Facebook Marketing
  6. Social Media Marketing
  7. Business Model of Brands
  8. Marketing Mix of Brands
  9. Brand Competitors
  10. Strategy of Brands
  11. SWOT of Brands
GET DAILY MARKETING UPDATES

About Hitesh Bhasin

I love writing about the latest in marketing & advertising. I am a serial entrepreneur & I created Marketing91 because I wanted my readers to stay ahead in this hectic business world.

Comments

  1. lionel Ward says

    The M&S British Birds jigsaw is full of errors – some of the birds are not British and others are misnamed – children will be learning wrong info from this product. I have tried telling customer services but they are not interested and will not put me in touch with design or marketing sections

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement
Recent Posts
  • Books of Accounts – Definition, Formats and Types
  • Capital Reserves – Definition, Example and Exceptions
  • Book Value Formula – Definition and Calculation
  • Cash-and-Carry Wholesaler – Definition and Features
  • Cash Accounting – Definition, Example, Pros and Cons
Advertisement

Marketing91

MORE INFO

  • About Marketing91
  • Privacy Policy
  • Cookie Policy
  • Disclaimer
  • Terms of Use
  • Advertise
  • Contact us
  • Sitemap
  • ISO 9001:2015 Certified

LEARNING SERIES

  • What is Communications
  • Types of Communication

WE WRITE ON

  • Marketing
  • Small Business
  • Management
  • Internet Marketing
[email protected]

Copyright © 2022 Marketing91 All Rights Reserved