What: M&S has invested GBP 57 million in its front-line retail staff, meaning more than 40,000 store workers will see their hourly wages increase starting April 1st.

Why it is important: Following the retailer’s biggest-ever investment in its shop workers, all M&S staff will be paid more than the National Living Wage and in line or more than the Real Living Wage.

With rising costs and current economic climate, Marks & Spencer is looking out for its employees and colleagues through investments in hourly pay rates and industry leading benefits. The UK retailer has raised pay twice during the 2022/23 financial year, with hourly pay rising by more than 20% since the start of 2021.

Marks & Spencer invests 57 million pounds to increase pay for retail store staff