Brighton & Hove Business Forum
8-11 Pavilion Buildings, Brighton, BN1 1EE
Tel: 01273 735442
© Brighton & Hove
News - 23 May 2008
M&S makes a billion but is still cautious
M&S has posted record profits of £1.1 billion but chief executive Stuart Rose is not about to rest on his laurels. He is still very cautious about the outlook for the future and is determined to keep the pressure up.
Tight stock control and cost management are the key watchwords for M&S and other retailers would be well advised to follow that lead.
Many of the M&S stores have been revamped over the last few years and the company is presenting a fresh new look. The quality is still there while choice and value for money has seen an improvement.
Like many high street retailers M&S is operating in a market of low consumer confidence, fluctuating weather patterns and heightening competition from value stores. Stuart Rose is right to be cautious.
Read related items on:
Retail, pubs, clubs and restaurants
Marks & Spencer