Caught Napping by Squeeze, Sir Stuart Faces Tough Questions ; Commentary
Evening Standard - London › July 02, 2008
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Summary
THIS is the profit warning the stock market has been waiting for and dreading.
One that shows the true state of trading on the high street. Under Sir Stuart Rose, M& S has reclaimed its position as the high street bellwether, sitting across fashion, furniture and food. So today's news looks especially grim.See the full content of this document
Extract
Caught Napping by Squeeze, Sir Stuart Faces Tough Questions ; Commentary
Some of it is M&S's own fault.
The chain has made a virtue of its focus on high quality food and accordingly invited the customer to pay extra. On a price check this week, Tesco was charging [pound...See the full content of this document
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