Relief for Rose As M&S Sales Stabilise

The ScotsmanJuly 02, 2009

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Summary


MARKS & Spencer's embattled executive chairman Sir Stuart Rose eased pressure on the high street stalwart yesterday by unveiling a smaller-than-expected fall in sales.

Rose, who has faced flak due to recent trading and corporate governance issues, said there were signs of an improved trend in the group's performance, although he remained cautious about prospects for this year and next.

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Extract


Relief for Rose As M&S Sales Stabilise

"This time last year it was a very difficult situation because we were headed downhill," he observed. "But it's v...

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