Maersk launches combined container/ro-ro Tunisia-Italy service
In an attempt to break into the fast-growing Tunisian export market, Maersk has taken the ...
© Naiyyer
Marks & Spencer’s third-quarter results show little sign of reversing the firm’s declining fortunes, with a 5.9% year-on-year dip in non-food sales.
In the aftermath of this performance, chief executive Steve Rowe announced plans to close 30 stores and downsize a further 45 – a 25% reduction in the retailer’s floor space.
The closures will not just affect M&S’s UK business; 53 stores are set to be shut internationally, including 10 in China.
Mr Rowe plans to realign the company’s focus, with a drive towards the more-profitable food ...
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