M&S set for turnaround

Daily MailJune 05, 2009

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Summary


MARKS & Spencer chairman Sir Stuart Rose is expected to lift the gloom over the High Street on Tuesday when he reports customers are returning to its stores and its troubled food business is turning around.

As widely forecast, Britain's flagship retailer will report annual profits of around Pounds 620m for the 12 months to March - sharply down from the Pounds 1bn-plus achieved in the previous year.

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Extract


M&S set for turnaround

But Rose will be upbeat about prospects, pointing out that in the past, M& S has often been the first big chain t...

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