Marks & Spencer, Retail industry, Business, UK news Business | The Guardian
Pre-tax profits increased to £672.5m but retailer says it will reduce costs further as part of five-year planBusiness live – latest updatesMarks & Spencer has said it will step up cost cuts in the year ahead despite increasing annual profits by a better-than-expected 41%.Stuart Machin, the chief executive of the clothing, homeware and food retailer, said it was “at the beginnings of a new M&S” with “wind in our sails, and confidence that our plan is working” as pre-tax profits rose to £672.5m in the year to 30 March. Sales rose 9.4% to £13bn. Continue reading…
Pre-tax profits increased to £672.5m but retailer says it will reduce costs further as part of five-year plan
Business live – latest updates
Marks & Spencer has said it will step up cost cuts in the year ahead despite increasing annual profits by a better-than-expected 41%.
Stuart Machin, the chief executive of the clothing, homeware and food retailer, said it was “at the beginnings of a new M&S” with “wind in our sails, and confidence that our plan is working” as pre-tax profits rose to £672.5m in the year to 30 March. Sales rose 9.4% to £13bn.
