Food retail position – price investment 225 lines down 10% (catalogue 7- 8000 lines) focused on Christmas related. Talking about need to adjust price architecture in core continuing range to make sure that non premium is better value (referenced Brussel sprouts sales being down v top of range turkeys +14%). Point is that seem to be decent amount of work to be done and price investment will only be partly mitigated by efficiencies (they were not specific but evasive on mitigation answer)
11 Jan 2018
Conference Call
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Conference Call
Marks and Spencer Group plc (MKS:LON) | 246 0 0.0% | Mkt Cap: 5,024m
- Published:
11 Jan 2018 -
Author:
Tony Shiret -
Pages:
3
Food retail position – price investment 225 lines down 10% (catalogue 7- 8000 lines) focused on Christmas related. Talking about need to adjust price architecture in core continuing range to make sure that non premium is better value (referenced Brussel sprouts sales being down v top of range turkeys +14%). Point is that seem to be decent amount of work to be done and price investment will only be partly mitigated by efficiencies (they were not specific but evasive on mitigation answer)