Food waste and too much skinny menswear spoil M&S's Christmas
) said its performance over the key Christmas quarter was held back by waste in its food business and weak sales of menswear and gifts, sending its shares sharply lower.
The “disappointing one-off issues” overshadowed M&S reporting a rise in quarterly underlying sales for its overall UK business for the first time since 2017.M&S, one of the best known names in British retail, said its overall UK like-for-like sales rose 0.2% in the 13 weeks to Dec. 28, its fiscal third quarter.
M&S set out on its latest “transformation” plan shortly after retail veteran Archie Norman became chairman in 2017 to work alongside CEO Steve Rowe, who has been with the company for 30 years and became its boss in 2016.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GrubHub Stock Soars 13% Amid News Of Possible SaleThe food delivery company is exploring a possible sale, according to reports.
Read more »
Jil Sander Fall 2020 Menswear Fashion ShowThe complete Jil Sander Fall 2020 Menswear fashion show now on Vogue Runway.
Read more »
Brioni Fall 2020 Menswear Fashion ShowThe complete Brioni Fall 2020 Menswear fashion show now on Vogue Runway.
Read more »
Kohl's shares sink after holiday sales decline, weak guidanceKohl's Corp. shares sank 6.4% in Thursday premarket trading after the retailer reported a 0.2% decline in holiday season comparable sales. 'We continue...
Read more »
German 'misery continues' as industrial orders fall unexpectedlyGerman industrial orders fell unexpectedly in November on weak foreign demand an...
Read more »
Tracking My Purchases Made Me a More Conscious ConsumerBy all accounts, fashion is a waste.
Read more »