Saturday May 30, 2020

Marks & Spencer unveils disappointing quarterly sales figures

Steve Rowe is the chief executive of M&S

10th July, 2016
4
Steve Rowe, chief executive, 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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

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

Tom Maguire | 3 weeks ago

What’s coming up today and what you might have missed

Hannah O’Brien | 5 months ago