UK: M&S Optimistic About A Recovery
Troubled high street retailer, Marks and Spencer, was today optimistic about a recovery despite its shares falling to a ten-year low. Shares in the top retailer crashed to a ten-year low yesterday after the US investment bank Credit Suisse First Boston downgraded earnings expectation for the current year to just £460 million. But an M&S spokesman told just-style.com that the market was expected to improve following a number of changes. The spokesman said: "We have a number of measures in place which will help turn the business around. "Our new concept stores have shown positive returns and because of this, we will be opening more before Christmas. "We've also reviewed our supply chain and made improvements. We've always said that the recovery would be a long-term one. We are not looking for quick fixes, we are looking for sustainable growth." The concept stores sell products and goods by lifestyle according to their locations.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 17 years of archives.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
Help test our new apparel sourcing tool.
- Rana Plaza four years on – Timeline of change
- Trump and Brexit get a dose of pragmatism
- Industry groups reaffirm commitment to Bangladesh
- Using worker surveys to drive supply chain change
- Where does VF supply chain sit in growth strategy?
- Nike filed patent for "reinforced denim"
- Adidas to digitalise Speedfactory concept
- Gap unveils five-year sustainable fibres pledge
- Adidas and Reebok top transparency index
- M&S extends sourcing deal with Lindsey brothers
- Global market review of denim and jeanswear – forecasts to 2022
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Clothing Market in the Top 5 American Countries to 2021 - Market Size, Development, and Forecasts
- Myanmar - ISA Country Report