Marks and Spencer has just reported its worst results for the past 3 years. This brand is the market leader in woman’s fashion with 26% of the UK market. The second quarter 2012 results showed that the sales of women’s fashions was down by 28%. There was an overall 6.8% decline in non-food sales. As [...]
Marks and Spencer has just reported its worst results for the past 3 years. This brand is the market leader in woman’s fashion with 26% of the UK market. The second quarter 2012 results showed that the sales of women’s fashions was down by 28%. There was an overall 6.8% decline in non-food sales. As a result, the clothing chief, Kate Bostock is to leave the company. Kate Bostock was one of the candidates for the position of Chief Executive which is now occupied by Marc Bolland. Kate Bostock’s position will be replaced by John Dixon and with Belinda Earl (formerly of Jaeger and Debenhams)
On the profits side, it was its worst performance for 11 years. It reported a pre-tax profit of £694m against £714m in the previous year. It makes less money than Tesco, Kingfisher (B&Q), Morrisons and Sainsbury’s.
Description of Building:
The building is located on a quiet side road off the busy M40 (West way), one of London’s arterial roads into the city. It is a steel and glass building characteristic of these times. This building consists of 2 separate units, each with a triangular shape but joined together. The entrance to the building is about 12 steps above the street level.
Behind this building is a canal which terminates at nearby Paddington. Behind the canal, is St Mary’s Hospital which is famed for the discovery of the antibiotics – Penicillin group of drugs.
Feng Shui Analysis:
1. The building is located on a side street – North Wharf Road. There is hardly any energy flowing past the building. The entrance is above the road level. I would not expect much energy going into the building,
Secondly, for a major UK company to be hidden in the back streets of Paddington is surprising. Is it trying to be inconspicuous or not being present? Is this an omen for the future?
Comment: The old Marks and Spencer HQ on Baker Street received “bucket” loads of energy. This was the golden era of this classic brand where it was the first company to make a £1billion profit in 1998. This building only gets a fraction of energy. I therefore, expect this company to be in decline.
2. The building consists of 2 sets of triangular units. The left side is larger than the right side.
Comment: The left side relates to the male. This company is dominated at the senior level by the male. It would be extremely difficult for females to reach this level even though much of this company’s business is in woman’s wear.
3. As the building comprises of 2 sets of triangular units which are joined together at the middle. It has missing areas in the South West and the South East. There is an intrusion in the building in the centre – in the South.
Comment: The missing areas – South East (SE), South West (SW) and South (S) all relate to the female. This can be interpreted as the company having poor communication or losing touch with the females, the majority of its consumers – like inappropriate stock selection of female clothes and as a result, no takers for the clothes.
A feng shui analysis of the building can provide clues of the future behaviour of the business of the occupier of the building. The prognosis of Marks and Spencer does not look good. It will see a decline in its business and status within the UK. It will experience a decline in its market share in the UK, especially of women’s fashions.
Of course, this would change should Marks and Spencer relocate their headquarters.
This blog was based on an article written in 2004 so after Marks and Spencer occupied this building.
(c) Copyright – Dr Michael Oon. All Rights Reserved Worldwide 2012.