08/11/17 Previously unreleased file photo showing Marks and Spencer's Castle Donington distribution centre in Leicestershire. Marks and Spencer will
08/11/17 Previously unreleased file photo showing Marks and Spencer's Castle Donington distribution centre in Leicestershire. Marks and Spencer will open fewer Simply Food shops than expected after same store foods sales fell in the first six months of its financial year. Chief executive Steve Rowe said last year the retailer would open 200 Simply Food shops over the next five years. However, M&S said it would "reposition our food business including slowing our Simply Food store opening plan". Like-for-like food sales, which exclude new store trade, fell with Marks saying it faced "stronger headwinds". However, total food sales for the period rose driven by new shop openings. M&S said that "hard-pressed" consumers were more aware of value and were being "careful about premium choices". It added that "headwinds facing our food business have intensified as competitors have encroached on some of our space with the rapid growth of convenience". All Rights Reserved F Stop Press Ltd. +44 (0)1335 344240 +44 (0)7765 242650
Size: 5184px × 2100px
Photo credit: © Rod Kirkpatrick / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: &, fstoppress, marks, press, spencer, stop
