Marks & Spencer unveils disappointing quarterly sales figures
Steve Rowe is the chief executive of M&S
Marks & Spencer has noted a drop of more than 4 per cent in British sales for the 13 weeks to July 2.
“A key part of our recovery plan for clothing and home is lowering prices and reducing promotions. We ran fewer price promotions while continuing to lower prices ... and moved the summer sale to July. We knew our actions would reduce total sales but we are seeing some encouraging early signs. Our food business continues...
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The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures