Tacit

So just what is going on at Marks and Spencer?
This bastion of the UK high street, a chain which has clothed generations for many decades, had appeared unstoppable.
Its quality of products, its customer service and its ranges of functional and fashionable clothes at affordable prices had been unbeatable.
But as everyone now knows, its invincibility has proved somewhat less long lasting than its trusty socks.
Profits have been halved and sales continued to be down – a worrying 15% – leading into Easter.
Concern for its welfare can only grow as the gloom continues. It appears to have been floundering into ever deeper waters for more than a year now.

Tags: news

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