MKS News & Analysis
2 articles
Market Mood
M&S (MKS) Launches 1,000 Traineeships to Combat Youth Unemployment
Marks and Spencer (MKS) announced a new training scheme aimed at creating 1,000 places for young people aged 16 to 24 in the UK and Ireland over the next 18 months. This initiative is in response to rising youth unemployment, with over one million young people currently classified as NEET (Not in Employment, Education, or Training), the highest rate in over 12 years. The six-month paid program will provide training opportunities and potential career progression within the retail sector. Additionally, the UK government is partnering with industry to address entry-level job changes due to AI and tech advancements.
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M&S (MKS) Calls for Action as Retail Crime Increases Dramatically
Marks & Spencer (MKS) executives have reported an increase in retail crime, including incidents involving 'several hundred young people' attempting to access its stores. The retail director, Thinus Keeve, highlighted severe cases of theft and violence, with staff facing daily abuse. Keeve noted that M&S has invested tens of millions into security measures but requires stronger police support. The Home Secretary has indicated that police will be given enhanced powers to address shoplifting, aiming to address what M&S describes as a systemic and growing issue in the retail sector.
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