Smaller than expected declines in general merchandise, improved margins and a rise in food sales will boost chief executive as he faces possible investor revoltMarks & Spencer took a battering from independent investors over destitute designs and low pay at its annual shareholder meeting as it revealed a renewed slide in clothing sales this spring.
Shares in the retailer fell 2% as it said sales of clothing and homeware had slipped 0.4% at established stores in the three months to 13 June. Related: Marc Bolland at M&S: the tale so far Continue reading...
Source: theguardian.com