Share Price: Street Crisis and Clothing Arm

share price: M&S's demotion reflects a share price at nearly a 20-year low as a long-running sales slump at the retailer's clothing arm is compounded by the high street crisis affecting rivals including Debenhams and House of Fraser, according to The Guardian. The FTSE 100, which was established in 1984, contains the UK's biggest listed companies by market value, with membership considered a mark of business prestige. Relegation to the FTSE 250 comes as the company is closing 120 stores as part of an overhaul designed to shore up profits. The index is reshuffled four times a year according to share price movements, allowing a handful of companies to move up and down. Thomas Spencer, a former cashier from the wholesale company Dewhirst, joined him in 1894 to create Marks & Spencer.1901By 1900 Marks & Spencer had expanded to include 36 penny bazaar outlets, including 12 high street stores with the rest being market stalls.1926M&S became a public company and started selling lingerie. Q&A Marks & Spencer timeline Show Hide 1884Michael Marks, a Russian-born Polish refugee, set up a penny bazaar at Leeds Kirkgate Market. (news.financializer.com). As reported in the news.