Financial Analysis Of Marks & Spencer - Essay Example

Marks & Spencer Board comprises of the Chairman, Chief Executive, one executive director. The Board is responsible for the success of the company. Through the Chief Executive, the Board delegates to management the overall performance of the company through the setting of clear objectives, building long-term management capability and ensuring that the business is managed in conformity with the business principles. Marks & Spencer Board comprises of the Chairman, Chief Executive, one executive director, and four on-executive directors.

The Board is responsible for the success of the company. Through the Chief Executive, the Board delegates to management the overall performance of the company through the setting of clear objectives, building long-term management capability and ensuring that the business is managed in conformity with the business principles.  Marks & Spencer is into food, clothing, household items, and financial services business located in the UK with some wholly-owned and franchised operations worldwide. 49.9% of business in the UK is derived from food sales which account for 3.

2% of market share1. Food sales were up 2.4% in 2005, however, in 2006 food sales were up by 7%. M & S significant international presence contributed 9.1% to the Group’s pre-tax profits in 2006. Most of these profits were a result of strong food sales. Food comprises of a big chunk of M&S retail business.  M&S food has a sound reputation for outstanding quality and innovation.