TITLE

MARKS & SPENCER SALES DOWN 6.1%

PUB. DATE
October 2008
SOURCE
Checkout;Oct2008, Vol. 34 Issue 10, p12
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the poor financial performance of Marks & Spencer Group PLC in the midst of economic turmoil on the high streets in Ireland. Marks & Spencer posted a 6.1% drop in its like-for-like sales in Great Britain in the 12 weeks to September 27 while in the previous quarter sales fell by 5.3%. The declines were said to be in line with expectations as they plan to cut investment and step up promotions. Stuart Rose stated that customers are being thoughtful about expenditure.
ACCESSION #
35009247

 

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