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...

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