by Summary:
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
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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
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FT Alphaville considers the following as important:
This could be interesting, too:
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You may have seen some mention in the popular press this morning of results from...