Have the flames creeping around Marks & Spencer abated or are they close to consuming the stalwart of the high street?
During the summer, the chains chairman, Archie Norman, said the business was on a burning platform and that its future depended on whether it was able to change and develop.
This week will bring an indication of what the future holds for the company. On Wednesday, it will release its half-year results, giving some idea of whether the turnaround plan is bearing fruit.
The expectations are not positive, however, with speculation that the chain is going to present a subdued report of its recent performance.
It has been a difficult year for M&S. In May, the company announced a sharp fall in annual profits as a result of poo…
Read the full article at: https://www.theguardian.com/business/2018/nov/04/marks-spencer-feeling-heat-strategic-update-restructuring