Companies / United Kingdom
If you would like to subscribe to Western Europe Food and Drink Insight and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Western Europe Food and Drink Insight please click on the trial link below.
M&S Reports Declining Sales, Axes Head Of Food
July 2008 | Company Finance AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Western Europe Food and Drink Insight and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Western Europe Food and Drink Insight please click on the trial link below.
Upmarket food retailer Marks & Spencer has issued a profits warning after experiencing a 'marked deterioration in sales' in the 13 weeks to June 28. The firm reported that like-for-like sales during the period fell by 5.3% across the business, with clothes, homeware and food sales all falling significantly. These poor results caused the Marks & Spencer's share price to slump by 25%, and the head of the firm's food division has been