Warning of Tough Times After M&S Sales Fall ; in Association with Rbs
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Summary
STORE group Marks & Spencer has surprised the City and worried fellow retailers with a profit warning and a forecast of tough years ahead.
Despite its hugely successful turnaround in recent years M&S has admitted it is far from immune to the high street slump and yesterday reported UK like-for-like sales had plunged 5.3% in the 13 weeks to June 28.See the full content of this document
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Warning of Tough Times After M&S Sales Fall ; in Association with Rbs
The company posted annual profits of pounds 1bn two months ago but saw shares fall as much as 21% in the FTSE 100 Index...
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