Essential reading for retailers and suppliers in the home improvement market

Job losses announced at M&S

Published: 20 October 2008
Marks & Spencer is the latest high street retailer to announce job cuts in an effort to mitigate declining sales in the face of the credit crunch.
Job losses announced at M&S
The number of job losses is yet to be confirmed, but it is thought that it will be a significant proportion of the team responsible for store design and development and will number less than 100.

The news follows the retailer's trading update earlier this month, which showed a 6.1% decline in like-for-like sales. In the update, executive chairman Stuart Rose said capital expenditure for the coming year would be cut from £900m to £700m. The savings will be made by postponing a store refurbishment plan and reducing the number of new stores tabled for the period.

Comments


(Your email address will not be published)
4 + 4 =  
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

Wally
I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories