No more festive discounts for M

Marks & Spencer Group Plc, Britain’s largest clothing retailer, said it would not hold any more discount events before Christmas, having had two in the last month.

The next price cuts will come in the retailer’s post-holiday sale starting later this month, spokeswoman Sue Sadler said.

Marks & Spencer Chief Executive Stuart Rose cut prices by 20% on Nov. 11 and Dec. 2, in an effort to stoke demand ahead of the Christmas holiday.