M&S close to securing more stores in Paris

Now the retailer has set its sights on an outlet beneath the capital's most famous art gallery...

Marks & Spencer is stepping up its European expansion. It is currently involved in talks to secure more stores in Paris and is close to agreeing a deal in the Netherlands.

The company confirmed it was re-entering Paris earlier this year, after a 10-year gap. It will open stores in the French capital and service the rest of the country via the internet.

The retailer is negotiating to open at Le Carrousel du Louvre – the underground shopping centre beneath the museum, accessible through the glass pyramid – and in shopping centres in Villeneuve-la-Garenne and So Ouest in Levallois-Perret. These are middle-class inner suburbs a few miles to the north and north-west of Paris, respectively.

The company is also thought to be seeking sites in Carre Sénart and Les Quatre Temps, in La Défense, Paris's equivalent to Canary Wharf. M&S had a store in the latter location in its previous attempt to crack France. In the Netherlands, it is looking to open in The Hague.

M&S confirmed its plans in April to re-enter France, starting with a 15,000 sq ft womenswear and food store on the Champs-Élysées.

It plans up to five company-owned shops selling clothing and food in Paris, plus Simply Food stores operated by its franchise partner SSP.

In London, it has started a trial of a convenience food store at Baker Street Tube. The outlet will be called M&S Food on the Move and opens this week.

M&S will this week update the market on its half-year results. The pre-tax profit forecast for the first half of 2011 is £311m, down on last year's £349m. Broker Charles Stanley forecasts that earnings per share will slide to 15.1p from 16.6p. The interim dividend could remain at 6.2p.

Experts believe that M&S clothing sales will have struggled, despite a new advertising campaign featuring models Rosie Huntington-Whiteley, Ryan Reynolds and David Gandy.

Clive Black, an analyst at Shore Capital, said: "Late summer has clearly been tough, and there will be much interest in whether Marks & Spencer has lost share or not in the clothing market."

But it is thought that its food sales will have been stronger.

Sam Hart, an analyst at Charles Stanley, said: "Marks & Spencer's chief executive, Marc Bolland, is expected to provide an update on the three-year strategic plan that he outlined last year. Key areas of focus include: improving the in-store environment; strengthening both the core M&S and sub-brands in clothing; more fully exploiting the opportunity in homewares; developing the online and expanding the international [business]; and completing the modernisation of the supply chain and IT systems."

Marks & Spencer unveiled its new store look in September, including new layouts, lines of clothing and food areas, such as the deli in its store on High Street Kensington. It plans to roll this out to other stores.

Morrisons supermarket chain will reveal its third-quarter trading update this week and is expected to report a 2.2 per cent rise in like-for-like sales, with most analysts predicting growth for the Bradford-based business. Morrisons, pushing its own-brand food, has introduced M Kitchen – its own brand of ready meals developed by in-house chefs. It is introducing new lines across its food ranges from bread and cakes to ready meals.

Start your day with The Independent, sign up for daily news emails
ebooks
ebooksAn introduction to the ground rules of British democracy
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
SPONSORED FEATURES
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Ashdown Group: Solvency II Project Manager - 10 month contract - £800 p/d

£800 per day: Ashdown Group: A highly successful, global financial services co...

SThree: Trainee Recruitment Consulant

£20000 - £25000 per annum + competitive: SThree: SThree are a global FTSE 250...

Guru Careers: Financial Controller

£45 - £55k DOE: Guru Careers: A Financial Controller is required to join a suc...

Recruitment Genius: Sales Consultant / Telemarketer - OTE £20,000

£12500 - £20000 per annum: Recruitment Genius: Scotland's leading life insuran...

Day In a Page

Mullah Omar, creator of the Taliban, is dead... for the fourth time

Mullah Omar, creator of the Taliban, is dead... again

I was once told that intelligence services declare their enemies dead to provoke them into popping up their heads and revealing their location, says Robert Fisk
Margaret Attwood on climate change: 'Time is running out for our fragile, Goldilocks planet'

Margaret Attwood on climate change

The author looks back on what she wrote about oil in 2009, and reflects on how the conversation has changed in a mere six years
New Dr Seuss manuscript discovered: What Pet Should I Get? goes on sale this week

New Dr Seuss manuscript discovered

What Pet Should I Get? goes on sale this week
Oculus Rift and the lonely cartoon hedgehog who could become the first ever virtual reality movie star

The cartoon hedgehog leading the way into a whole new reality

Virtual reality is the 'next chapter' of entertainment. Tim Walker gives it a try
Ants have unique ability to switch between individual and collective action, says study

Secrets of ants' teamwork revealed

The insects have an almost unique ability to switch between individual and collective action
Donovan interview: The singer is releasing a greatest hits album to mark his 50th year in folk

Donovan marks his 50th year in folk

The singer tells Nick Duerden about receiving death threats, why the world is 'mentally ill', and how he can write a song about anything, from ecology to crumpets
Let's Race simulator: Ultra-realistic technology recreates thrill of the Formula One circuit

Simulator recreates thrill of F1 circuit

Rory Buckeridge gets behind the wheel and explains how it works
Twitter accused of 'Facebookisation' over plans to overhaul reverse-chronological timeline

Twitter accused of 'Facebookisation'

Facebook exasperates its users by deciding which posts they can and can’t see. So why has Twitter announced plans to do the same?
Jane Birkin asks Hermès to rename bag - but what else could the fashion house call it?

Jane Birkin asks Hermès to rename bag

The star was shocked by a Peta investigation into the exotic skins trade
10 best waterproof mascaras

Whatever the weather: 10 best waterproof mascaras

We found lash-enhancing beauties that won’t budge no matter what you throw at them
Diego Costa biography: Chelsea striker's route to the top - from those who shared his journey

Diego Costa: I go to war. You come with me...

Chelsea's rampaging striker had to fight his way from a poor city in Brazil to life at the top of the Premier League. A new book speaks to those who shared his journey
Ashes 2015: England show the mettle to strike back hard in third Test

England show the mettle to strike back hard in third Test

The biggest problem facing them in Birmingham was the recovery of the zeitgeist that drained so quickly under the weight of Australian runs at Lord's, says Kevin Garside
Women's Open 2015: Charley Hull - 'I know I'm a good golfer but I'm also just a person'

Charley Hull: 'I know I'm a good golfer but I'm also just a person'

British teen keeps her feet on ground ahead of Women's Open
Turkey's conflict with Kurdish guerrillas in Iraq can benefit Isis in Syria

Turkey's conflict with Kurdish guerrillas in Iraq can benefit Isis in Syria

Turkish President Erdogan could benefit politically from the targeting of the PKK, says Patrick Cockburn
Yvette Cooper: Our choice is years of Tory rule under Jeremy Corbyn or a return to a Labour government

Our choice is years of Tory rule under Corbyn or a return to a Labour government

Yvette Cooper urged Labour members to 'get serious' about the next general election rather than become 'a protest movement'