Marks Spencer was among only a few retailers to make gains, closing up 2p at 382p after the chief executive Stuart Rose unveiled the group's Cardinal Place store, its first new opening in central London for over a decade. There is little doubt that MS will achieve top of the range estimates, even if the all-important third-quarter like-for-like sales are down 4 on non-food, ... what we worry about is the ability to grow profits.
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We thought they'd had a worse Christmas than most people expected. They had a better Christmas, and they're talking about UK GAAP at the upper end of the range.Richard Ratner
Given the importance of Per Una to MS, it could have been disastrous had this happened at the current time. Even so, we wonder how long the agreement will last.
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We question whether anyone will bid for the company.
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It's a poor (Boots) statement. The bulls will cling to the hope of a bid, but will anyone commit significant funds to buy a retailer until one thinks that the market has bottomed
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Based on Topics: Abilities Quotes, Sales QuotesBased on Keywords: all-important, like-for-like, non-food, retailers, spencer, stuart, third-quarter, unveiled
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