Deep DiveHead-to-Head in UK Apparel Retailing: Marks & Spencer vs. Next Coresight Research October 26, 2022 Reasons to ReadMarks and Spencer (M&S) and Next are two of the leading UK apparel retailers. In this Head-to-Head report, we provide key comparative insights about the companies’ revenue, operating margins, shopper profiles, strategies and acquisitions. Learn more about M&S in our Investor Day report. Read Coresight Research’s complete Head-to-Head series. Contents (Click to navigate) Introduction What’s the Story? Why It Matters Marks & Spencer vs. Next: Coresight Research Analysis Business Overview Revenue Operating Margins Customer Profiles and Pricing and Promotion Strategies Changing Course of Distribution: Shrinking Store Estates and Switching Focus to E-commerce Key Business Expansion Strategies What We Think Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Global Luxury—Real Estate Insights: Brands Move from Tenants to Landlords, with Innovative, Experience-Rich FlagshipsThe Agentic AI Playbook: Insights Presented by Deborah Weinswig at NRF 2025: Retail’s Big Show APACShoptalk Fall 2025 Day Three: From Constraints to Catalysts—Technology Driving the Next Era of RetailFinancial Sentiment Turns Negative: Weekly US Consumer Sentiment, Week 11, 2025—Infographic