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level 2 btec business unit 1 m1
- Institution
- OCR
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M&SFounded in 1884, M&S has grown from a single market stall to an international,
multi-channel retailer. We sell stylish, high quality, great value clothing and home
products, as well as outstanding quality food, responsibly sourced from around
3,000 suppliers globally
Facts about M&S
M&S has 798 stores in the UK alone
455 International stores
54 International territories
85,813 Employees
£4.1bn GM revenue
£5.1bn Food revenue
£1.2bn International revenue
£800.1m Multi-channel revenue
£10.3bn Group revenue
£623m Group Underlying PBT
£580m Group PBT
55/45% UK turnover is split 55% Food and 45% General Merchandise
H&M
Is a Swedish multinational retail-clothing company, known for its fast-fashion
clothing for men, women, teenagers and kids. H&M exists in 53 countries which
include United Kingdom, China, India, Thailand, Germany, France and many
others. For a business like H&M, quality is the key to success. Unlike Primark,
H&M use and buy quality materials to produce their clothing. Their aim is to
exceed customer expectations when it comes to quality, fashion, durability and
safety. H&M go through a lot of testing of their clothes to look out for things like
shrinkage, twisting, colour-fastness and pilling tests as well as chemical and
product safety testing like flammability. Their concept is basically to offer fashion
and quality at the best price.
Facts about H&M
H&M first store opens in Västerås, Sweden, selling women’s clothing. The
store is called Hennes.
H&M buys their products from independent 900 independent suppliers
provide great quality products to their customers at reasonable prices
VAT increased to SEK 150 billion
H&M products are made by 160 in-house designers and 100 pattern
makers
H&M offer fashion and quality at the best price
Similarities between Primark and H&M
Both brands are large retail-clothing companies. This means h&m and m&s
are known all over the world and have good popularity for their clothing.
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