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Latest News

M&S announces disappointing results

by Personnel Today 11 Jul 2001
by Personnel Today 11 Jul 2001

Struggling
retailer Marks and Spencer today announced disappointing results.

Its
sales are down 2.6 per cent for the 14-week period to 7 July. Sales of
clothing, footwear and gifts were down by 9.1 per cent while home performance
declined by 1.5 per cent.

M&S’s
food business reported sales growth of 5.9 per cent.

It
claimed that early feedback from customers and fashion experts on the Autumn
clothes collection had been positive.

Furthermore,
a new smaller store format based on food is being trialled this month in
Surbiton and Twickenham, south London.

Earlier
this year, M&S caused controversy by announcing that it would close its
European stores.

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