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Britain's M&S feels heat from mild October as sales stumble

Reuters  |  LONDON 

By James DaveyLONDON (Reuters) - Marks & Spencer's clothes and sales fell in the last quarter of 2017, hampering the British retailer's latest attempt at a corporate turnaround and knocking its shares.Once a venerable British institution, M&S faces unrelenting competition on the high street and online, while efforts to revitalise its 134-year-old business are being held back by a squeeze on consumers as inflation rises and wage growth falters."I would describe the consumer as quite fragile and quite volatile and if there's a reason not to spend they take it," M&S Chief Executive Steve Rowe ...

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First Published: Thu, January 11 2018. 20:24 IST