M&s clothing business report Essay Example | Topics and Well Written Essays - 500 words

M&s clothing business report - Essay ExampleThe signification here is that if Marks and Spencer were not attempting to reach out to the more fashion-conscious consumer, its indigenous competitors would be BHS and Evans. The fact is, however, that the caller is trying to reach beyond that particular market as evidenced in the fact that it has hired new designers and has development new fashion lines which target the younger genesis of male and female bragging(a) fashion consumers (Marks and Spencer, 2007).Within the context of the above stated, Marks and Spencers primary competitors are Next, Topshop and Gap. These three command the lions fortune of the fashion-conscious, working adult clothing market for two reasons. They provide quality clothing at well-founded prices and are perceived of as trendy and fashionable (Marks and Spencer, 2007). Marks and Spencer may be recognised for the scratch but definitely not for the second. The implication here is that it stands in a weak position vis--vis its primary competitors, largely because of market perceptions.As indicated in the above, Marks and Spencer faces two types of competitors. The first type, related to the older generation fashion market, is comprised of Evans and BHS.