when did marks and spencer start accepting credit cards
Marks & Spencer M&S's profits peaked in the financial year 1997/1998.[6] At the time it was seen as a continuing success story, but with hindsight it is considered that during Sir Richard Greenbury's tenure as head of the company, profit margins were pushed to untenable levels, and the loyalty of its customers was seriously eroded. The rising cost of using British suppliers was also a burden, as rival retailers increasingly imported their goods from low-cost countries, but M&S's belated switch to overseas suppliers undermined a core part of its appeal to the public. Another factor was the company's refusal until 2001 to accept any credit cards except its own chargecard.[28]
St Michael (brand) In 2000, the new Marks & Spencer dropped the St Michael brand, and replaced it with the Marks & Spencer brand.[1] The St Michael Quality Promise was subsequently phased out.
Marks & Spencer M&S have 959 stores throughout the UK, as well as many international stores; 58 stores in India, 48 stores in Turkey, 37 in Russia, 27 in Greece, 17 in Ireland, 14 in France, 11 in Poland, 6 in Hungary and Finland and 5 in Spain.
East India Company The company received a Royal Charter from Queen Elizabeth I
St Michael (brand) St Michael was a brand that was owned and used by Marks & Spencer (M&S) from 1928 until 2000.
Discover Card Discover is the fourth largest credit card brand in the U.S., behind Visa, MasterCard and American Express, with nearly 44 million cardholders.[3]