Marks & Spencer has signed a new deal with Mark and Neal Lindsey to continue to make savings in its clothing and home supply chain.
The brothers were hired in 2014 as sourcing directors for general merchandise, which is now referred to as clothing and home at the high street giant. They were previously responsible for the growth of Next Sourcing, which streamlined Next’s supply chain to improve speed and efficiency.
“I am delighted to announce that we have agreed a new contract with both Mark and Neal Lindsey as sourcing directors of M&S,” announced chief executive Steve Rowe today in an internal memo today that has been seen by Drapers.
“Mark and Neal have a wealth of experience in sourcing and it is great news for clothing and home that we can continue to leverage this experience as we deliver the key strategic priorities going forward.”
In November, Drapers exclusively revealed the store was pulling away from more of its third-party suppliers in a bid to streamline its processes and cut costs.
Sources told Drapers at the end of last year M&S that was ramping up its strategy to work directly with more factories to counteract rising costs following the drop in value of sterling after the European Union referendum.
The news of the new deal comes just a day after M&S confirmed it is set to close four stores that stock clothing in Portsmouth, Slough, Warrington and Wokingham, and will open two new stores in Bracknell and Rushden.
The retailer will also relocate two clothing, home and food stores this summer. The Crewe store will relocate from Market Street to the Grand Junction Retail Park and the Greenock store will move from Oak Mall to the Port Glasgow Retail Park.