You may have seen some mention in the popular press this morning of results from Marks & Spencer, a UK-based apparel and ready-meal vendor that’s smaller by market cap than B&M European Retail. If not, read all about it in papers including The Irish Times, the Bournemouth Daily Echo, the Ardrossan & Saltcoats Herald and The Express (whose initial, now-changed “profit warning” headline will have triggered a call from the M&S flacks).This is not, to be clear, a profit warning. It is nevertheless another set of bad figures from the M&S clothing business, which are a consequence in part of its customers having bad figures. As per the FT report:Sales in October were said to be strong after changes to styles and sizes and availability was improved. But in menswear, the group ordered too few
FT Alphaville considers the following as important:
This could be interesting, too:
Miles Kimball writes The Federalist Papers #5: Unless United, the States Will Be at Each Others’ Throats
Tyler Cowen writes Saturday assorted links
Tyler Cowen writes Woke terrorists what about plastic straws?
Tyler Cowen writes Vancouver vending machine markets in everything
You may have seen some mention in the popular press this morning of results from...