October 2008
Checkout;Oct2008, Vol. 34 Issue 10, p12
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.


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