M&S set for 11th quarter of decline in fashion sales
It will mean the chief executive, appointed in May 2010, has overseen nearly three straight years of declining quarterly like-for-like revenues in the retailer’s general merchandise arm – which includes fashion as well as homewares.
Bolland said there had been “encouraging signs” at the last trading update, covering the 13 weeks to 28 December.
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Hide AdBut a consensus average from six analysts forecasts a 1 per cent fall in the latest quarter, despite concerted attempts to turn around the retailer’s fortunes with new senior personnel and a celebrity marketing push.
At the last update, Bolland blamed unseasonably warm weather for a decline in sales.