Press reports (Mail on Sunday) that MKS has started to cancel its building projects is theoretically good news as it indicates a more realistic approach to right-sizing the physical estate to take account of already-made losses in NonFood to online and future market trends. Following on from the announcement of a hold on the Simply Food roll-out this raises questions about the degree and speed which we can expect from M&S on re-structuring (presumably the answers are greater and sooner).
04 Dec 2017
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More Norman News
Marks and Spencer Group plc (MKS:LON) | 258 -13.1 (-1.9%) | Mkt Cap: 5,256m
- Published:
04 Dec 2017 -
Author:
Tony Shiret -
Pages:
3
Press reports (Mail on Sunday) that MKS has started to cancel its building projects is theoretically good news as it indicates a more realistic approach to right-sizing the physical estate to take account of already-made losses in NonFood to online and future market trends. Following on from the announcement of a hold on the Simply Food roll-out this raises questions about the degree and speed which we can expect from M&S on re-structuring (presumably the answers are greater and sooner).