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UK core business

How are we investing in and growing our core UK retail business?

Lingerie

In an increasingly competitive market, M&S lingerie is still the UK’s first choice. Over the year we grew our value market share to 25.2% from 24.8% and volume share to 19.1% from 17.9%. By reducing our lead times to just eight weeks we have been able to stay a step ahead of the market and refresh our ranges regularly. This strategy will continue in 2009/10.

Lingerie value market share

25.2% +0.4% pts

Lingerie volume market share

19.1% +1.2% pts

Our brands

The slogan 'Every Woman, Every Time' continues to encapsulate our approach to lingerie. M&S remains a destination shop for every British woman’s lingerie needs: we sell nearly two pairs of knickers every second; 28 million pairs of tights every year; and one in three British women wear an M&S bra. We were also In Style magazine’s Best Shop for Lingerie in 2008.

We have continued to refresh and broaden our ranges during the year to ensure our brands offer a well-balanced collection to suit different needs and tastes. As part of our segmentation work we have reduced duplication and filled gaps in ranges. By simplifying our lingerie offer, our branding now clearly signposts each collection.

'Adored' classic feminine styles in soft fabrics that offer exceptional comfort. 'Autograph' a sophisticated collection that is beautifully designed and finished. 'Body Solutions' modern and streamlined, this beautifully soft lingerie gives a sleek silhouette. 'Ceriso' fun, flirty and inspired by catwalk trends. 'Limited Collection' fashionable styles in stretchy fabrics designed for mixing and matching. 'per una' pretty everyday styles in soft fabrics and feminine colours.

Availability

High sales volumes mean we have to manage our stock tightly, ensuring we never sell-out of key lines. This is especially the case for products such as opaque tights – where sales have grown by 50% on the year. Hosiery is a proven key footfall driver, with customers buying stockings and tights likely to buy something else while in-store.

Newness

Over the past year we have worked with our manufacturers in Sri Lanka, China and Turkey to enable us to make bras in just eight weeks, reducing a typical 20-plus week lead time. This is a milestone for us, with the quicker turnaround time giving us greater flexibility to produce fashion-forward items, and respond to customer demand.

Innovation

Cellulite-busting tights and a memory foam bra are just two of the innovative additions we made to our lingerie collection this year. We will continue to innovate, taking a more rigorous and methodical approach so that we phase-in key innovations on a quarterly basis throughout the year.

Looking ahead

Our approach to lingerie is about being clear and confident. Attention will be focused on branding and segmentation, as well as value and availability, to ensure we have the right product for every customer.

We boobed

Photo of advert for reduced bra prices

125 YEARS OF INNOVATION

We boobed It’s true… our larger bras cost more money to make, and we felt it was right to reflect this in the prices we charged. We were wrong, and have since reduced the price of our larger bras by up to £2.

British waistlines

Photo of a model wearing M&S shapewear

125 YEARS OF INNOVATION

Number of inches taken off British waistlines

250,000

We’re famous for our shapewear, with our magic knickers taking 250,000 inches off the waistlines of British women last Christmas. Our shapewear is obviously effective, but in 2009/10 we’ll be focused on making it stylish and pretty too.

Vintage style

Photo of a model in vintage style bra

125 YEARS OF QUALITY

Vintage style During 2008/09 sales of the teddy and corsetry rose as women – and men – rushed to buy into the trend for yesteryear fashion. Luxurious silk bras and basques in feminine, dusky shades, and beautiful champagne-coloured silk and lace pieces, flew off the shelves.

BRAND FOCUS: LINGERIE

  • ADORED CLASSIC, COMFORTABLE STYLES
  • AUTOGRAPH HIGH QUALITY SOPHISTICATION
  • BODY SOLUTIONS MODERN AND SLEEK
  • CERISO TRENDY, FUN AND FLIRTY
  • LIMITED COLLECTION MIX & MATCH FASHION
  • PER UNA FEMININE AND PRETTY