Steve Rowe, Marks & Spencer chief executive, comments on the retailers performance after its long-suffering clothing division posts another slump in sales.
Sourced through Scoop.it from: www.telegraph.co.uk
Mr Rowe said that he had set his team a number of “exam questions” about the group’s clothing division as part of a strategic review that could lead to some of its clothing brands, such as Per Una, Classic, Indigo, Limited Edition and Autograph, being scrapped. Analysts have often criticised M&S’s plethora of brands as confusing for shoppers and a sign that the retailer does not have a clear idea of its core customer.
