Skip to content
Search
AI Powered
Latest Stories

M&S awards store staff second pay rise this year

M&S awards store staff second pay rise this year
A general view of the exterior of the branch of retailer Marks and Spencer at Westfield White City in London, England. (Photo by Leon Neal/Getty Images)
Getty Images

Marks & Spencer has on Wednesday announced a second pay rise for its staff in response to the cost-of-living crisis.

The retailer has set out a £15m package to support its front-line staff. In addition to the additional Autumn pay review, M&S has also extended its staff benefits.


From 1 October, over 40,000 colleagues will see their hourly pay increased to a minimum of £10.20 which follows an initial pay increase to £10.00 (from £9.50) in April this year.

Combined, this represents an annual uplift of 7.4 per cent and means a full-time customer assistant will earn over £100 more each month compared to October 2021, according to the company.

In addition, the retailer will also provide its 4500 salaried colleagues at pre-management levels in its stores and support centres with a one-off £250 voucher to spend at M&S. Base pay for colleagues is supplemented by a 20 per cent M&S discount, its generous pension commitment and colleague share save scheme.

“Whether you’re running a home or running a business, everyone across the country is feeling the pressure of rising costs,” Stuart Machin, chief executive, said.

“We want to do what we can to help ease some of that strain; that's why we have invested in price to deliver better value for our customers and, why we are investing in our colleague base pay for the second time this year.”

As part of the updates to the benefits and support it provides to the staff, M&S will launch a free meal per shift for staff at its distribution centre in Castle Donington. The retailer already provides all-year round free everyday food items and refreshments to store staff. This month, it has also introduced free sanitary products to staff across all stores and sites.

More for you

InPost launches Locker Shops in key urban areas

InPost launches Locker Shops in key urban areas

InPost, the leading provider of parcel locker solutions, has announced the next phase in its rapid expansion with the opening of new Locker Shops in key urban areas. Following the success of its first Locker Shop in Camden, InPost is accelerating its Locker Shop opening programme and targeting hyper urban areas where there is huge demand for its lockers to provide greater access to its parcel locker network.

Kicking off with new locations in London, including Liverpool Street and London Bridge in 2024, as well as Manchester and further London locations from 2025 as part of a strategic rollout.

Keep ReadingShow less
Britvic growth in annual revenue and profits

Strong numbers for Britvic

Britvic, the soft drinks manufacturer set to be acquired by Carlsberg, has posted robust annual results after investment in marketing and product innovation helped it maintain demand for its brands.

Over the year to Sept 30, the company’s pre-tax profits climbed 10.5 per cent to £173.2 million despite a £21.3m hit related to the proposed Carlsberg deal. Britvic stated that its growth was driven by both volume and price-mix, with strong demand for brands such as Pepsi, Tango, Lipton, MiWadi and Ballygowan.

Keep ReadingShow less
Met Police identifies four suspects in Post Office Horizon scandal

Met Police identifies four suspects in Post Office Horizon scandal

The Metropolitan Police has identified two new suspects in its investigation into possible criminal offences as part of the Post Office Horizon scandal. This takes the total number of individuals to four as the force also revealed it believes more suspects will be identified as the inquiry progresses.

Scotland Yard said members of the investigation team met with Sir Alan Bates, the leading Post Office campaigner, and fellow victims to update them on the development.

Keep ReadingShow less
Discover Britain's top hotspots for independent shops

(Photo by Chris J Ratcliffe/Getty Images)

Discover Britain's top hotspots for independent shops

New research by American Express Shop Small reveals the nation’s top 10 hotspots for independent shops, showcasing the small businesses and the valuable role they plan in their local communities.

American Express partnered with retail experts GlobalData to identify the top high streets for independent shops through ranking factors such as the number of independent outlets, variety of business types, and vibrancy of the high street.

Keep ReadingShow less
'Walkable high streets boost economy'
(Photo by Christopher Furlong/Getty Images)
Getty Images

'Walkable high streets boost economy'

Shoppers who walk and wheel spend more than those arriving by car, states a recent report, demonstrating the significant economic and social benefits of investing in walkable town centres, challenging traditional views on urban accessibility.

The findings published in third edition of "The Pedestrian Pound Report", recently published by Living Streets, the UK charity for everyday walking, come at a critical juncture for British high streets, with a record number of retail failures in 2022 and a vacancy rate of nearly one in seven by the end of 2023.

Keep ReadingShow less