M&S still in need of little black number. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here. Ahead of Marks & Spencer’s trading update, some believed chief executive Steve Rowe might finally do what many had hoped: unveil a little black number. But it wasn’t fashionistas suggesting this. It was Peel Hunt analysts. “Back to black again” was their prediction for the high street chain’s first quarter clothing and home sales: “Our view is that M&S is winning market share and may well be back into the black in general merchandise like-for-like terms”.This morning, both the analysts and fashion types may feel a little disappointed. M&S shows no sign of focusing on simple classic wardrobe items – recent ad
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M&S still in need of little black number. FT Opening Quote, with commentary by...