Wednesday, July 11, 2012
M&S tries new management line-up after worst sales in years
British retailer Marks & Spencer shook up its management team after posting its worst sales figures for years following months of rain that kept shoppers indoors and boosted results at fast-growing online fashion store ASOS. Photo: CorbisMarks & Spencer's (M&S) weak first quarter - when womenswear sales were hit by the wettest April and June since records began - puts extra pressure on chief executive Marc Bolland, who faces shareholders at the firm's annual meeting on Tuesday. The retailer,
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