M&S insists ‘depressed’ clothing sales on the mend
The company said that within a “volatile and slightly depressed” clothing market, its turnaround plan was on track. “We achieved a huge amount in the year and whilst there is still much to do, I am pleased with our progress,” said chief executive Steve Rowe, pointing to a stabilising market share in clothing, an increase in market share for full price clothes and the removal of excessive discounting.
“This is a self-help story in M&S,” he told reporters.
