Quiet man putting the spark back into Marks

Article Abstract:

There are signs of a recovery in Marks & Spencer's fortunes, according to Managing Director, UK Retail, Roger Holmes. He believes that Marks & Spencer can still appeal to many different people.

Officials and employees, Interview, Holmes, Roger

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Marks & Spencer to spend 2.1bn pounds sterling on global expansion

Article Abstract:

UK retailer Marks and Spencer aims to boost its retail selling space by 30% in the period to 2001. It will invest 2.1 billion pounds sterling in expansion, and anticipates that the proportion of sales derived from overseas operations will rise to more than 25% by the end of the 1990s, from 17% at present. It will open extremely large new branches in the UK, and also plans expansion in Germany, France and Spain. It is also considering establishing a presence in China.

Foreign operations

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Storehouse slides into crisis

Article Abstract:

Shares in retail group Storehouse have declined by 17% to 134.5p, the lowest for six years, as a result of the news that profits did not rise in the six months to Sep 1998. The group continues to see weak sales, and expects that full-year profits will be lower than in 1997. Institutional investors are now seeking to establish whether Storehouse has merely been a victim of general difficulties in the retail industry or whether there are problems with the structure of its board.

Comment:

Has announced that stock fell 17% to 134.5p due to low profits

United Kingdom, Sales, profits & dividends, Finance, Storehouse PLC

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