(12-1)E1MarksandSpencerTutorialPresentationQuestions

(12-1)E1MarksandSpencerTutorialPresentationQuestions -...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
SIMON FRASER UNIVERSITY BEEDIE SCHOOL OF BUSINESS BUS 251 E100 (12-1) TUTORIAL PRESENTATION QUESTIONS Anne Macdonald Please review the Guidelines for Tutorial Presentations, which is posted at the end of this file. Marks & Spencer is one of the U.K.’s leading retailers of clothing and food. It has over 78,000 employees, and more than 21 million customers visit its store locations every week. It operates over 700 stores in the U.K., and another 361 partly owned or franchised stores across Europe, the Middle East and Asia. The company hopes to expand internationally to reduce their exposure to U.K. economic cycles. Michael Marks founded the company in 1884 in Leeds, England, with the slogan “Don’t ask the price, it’s a penny”. Tom Spencer joined as a partner, and Marks & Spencer initially called their business ‘Penny Bazaars’. By 1900 they had grown to 36 bazaars, and 12 store locations. Through the 20 th Century they expanded their product lines – over 70% of clothing sold is designed and manufactured exclusively for Marks & Spencer, and food became an important product line from the 1970’s onwards. The company’s year-end is the Saturday closest to March 31 st . For 2011, this meant an ending balance sheet dated April 2 nd , 2011, and an income statement measuring performance for the 52 weeks ending April 2, 2011. For 2010, this meant an ending balance sheet dated April 3 rd , 2010, and an income statement measuring performance for the 53 weeks then ended. While the amounts in the 2010 column of the income statement include an extra week, this will not have a significant impact on our analysis. The Marks & Spencer Group is a public company, traded under the symbol MKS.L on the LSE London stock exchange. The closing share price at April 1, 2011 (the end of the most recent fiscal year) was £338.90. The company’s financial statements are prepared under the International Financial Reporting Standards (IFRS), and all amounts are stated in millions of British Pounds (£). At April 2, 2011 one U.K. Pound (£) was worth $1.55 Canadian.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/18/2012 for the course BUSE 237 taught by Professor Sf during the Spring '12 term at Simon Fraser.

Page1 / 4

(12-1)E1MarksandSpencerTutorialPresentationQuestions -...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online