The Essentially British Retailer Marks & Spencer Is Looking To Open Stores In Australia: Report

Photo: GETTY

British retailer Marks and Spencer is reportedly looking to establish stores in Australia.

The Financial Review reports that Marks and Sparks, as it is affectionately known, is on the hunt for retail space in Sydney.

This puts more pressure on local retailers Myer and David Jones which will soon face the arrival of Sweden’s H&M and Japan’s Uniqlo.

However, Marks & Spencer is reportedly seeking small-format stores about one-fifth the size of the large department stores.

Marks & Spencer has 16 stores in Hong Kong and 10 in Singapore.

The Financial Review report did not have a direct comment from Marks & Spencer.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at