Marks & Spencer is celebrating 125 years of trading by selling two million items for just 1p for three days from Wednesday 20 May.
The high street darling, which has just revealed its profits tumbled by 40% last year, will be offering a range of 20 exclusive items - including jewellery underwear and ties - each priced at just 1p. The sale harks back to the store’s origins as a penny store.
Over 300 stores across the UK will be holding the Penny Bazaars, with extra security staff brought in to prevent a crush. Shoppers will be limited to five items each on a ‘when it’s gone, it’s gone’ basis.
M&S chairman, Sir Stuart Rose, and Twiggy will officially launch the Penny Bazaar at M&S’ flagship Marble Arch store on Oxford Street at 9.00am on Wednesday.
Sir Stuart says: “M&S started off in life as a Penny Bazaar back in 1884, so what better way to share our birthday with our customers than offering them the chance to choose M&S products for just one penny? It’s been a tough year for us all but people are fed up with being fed up and we wanted to give our customers a real treat.”
Two million items will be put up for sale, consisting of five different jewellery sets, scarves, purses and knickers; cufflinks, ties and socks; leather passport holders and leather luggage tags; tea towels and mugs; bags of retro sweets, cans of retro drink, beach toys, and beach balls.
All money will be donated will go towards the M&S 125 Charity Challenge, which aims to raise £1.25 million for local and regional charities between May and September. Customers who arrive early to bag a bargain will also receive a free ‘peel and reveal’ card with the chance to win one of 700,000 rewards, including 16 regional jackpots of £12,500.