Marks & Spencer, the largest UK clothing retailer, plans to open home-furnishing stores to maintain ...
Marks & Spencer, the largest UK clothing retailer, plans to open home-furnishing stores to maintain sales growth after returning to profit in the second half of 2001. The company will also add 20 food-only stores to the five opened last year, according to chief executive officer Luc Vandevelde. Net income in the six months ended 30 March rose to £8.8m from a £125.5m loss, the company said. Vandevelde wants to broaden the range of goods and services to counter an expected decline in UK consumer spending as wage increases slow. Soaring house prices are encouraging UK consumers to borrow a...
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