Tax waiver extension a welcome boost for Indian garment exporters
Indian apparel and ready-made garment (RMG) exporters trying to weather the dual headwinds of depressed ...
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 arm of the business – although even that recorded a marginal decline – with the opening of 200 Simply Food stores by 2019.
Investor reactions to the plans were lukewarm.
'Mass-casualty incident' as Maersk box ship destroys Baltimore bridge
Shock for CMA CGM as a deputy CEO decides to quit
Diversions from Red Sea proving a real ‘silver lining’ for carriers
Could the Dali have suffered a power loss before bridge crash?
Asia-Europe carriers revise FAK rates in fight to rein in revenue erosion
Strike paralysing Finnish ports extended after talks collapse
Dali cargo owners face massive costs if general average is declared
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article