Rose Fails to Stop Slide in M&S Sales; High Street Icon Predicts Lower Profits As Rival Gains Ground
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Summary
MARKS & Spencer yesterday recorded its fourth quarter of falling sales in a row, just a day before potential suitor Philip Green is expected to report an increase in full-year earnings at rival BhS.
The iconic retailer also said it expected first-half, pre-tax profits to be between (pounds) 285m and (pounds) 295m, compared with (pounds) 325m last year.See the full content of this document
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Rose Fails to Stop Slide in M&S Sales; High Street Icon Predicts Lower Profits As Rival Gains Ground
The contrast between M&S's flagging sales and Green's continuing success are likely to cause some concern for Stuart Rose, chief executive of M&S, and a former fri...
See the full content of this document
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