Its shares have plunged as quarterly sales fall – the worst in two years. I just saw Sir Stuart Rose being interviewed on BBC and he had among other reasons the fact that M&S had reduced prices of most items – the company is looking out on customers (he is on our side!). Overall sales rose
While they try to sought themselves out ASDA’s fortunes are upward looking according to Andy Bond ‘...best ever…’ Christmas. Let’s wait and see the performance of others in the retail sector as nervous investors worry about a suspected rise in household costs was forcing shoppers to tighten their belts.
Big question: Has Sir Rose Stuart lost the sparkle?
“There is a very evident slowdown in UK Plc and people are financially challenged market conditions became more challenging through November and December.” SIR STUART ROSE
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