M&S Disappoints with Latest Results

The UK’s Marks & Spencer Group sent a shiver through the country’s retail industry with its first fall in sales in over two years. M&S disappointed the market with its Christmas trading report of group sales up by just 2.8 percent for the 13 weeks to Dec. 29, 2007. While international sales rose by 15.1 percent, the crucial UK like-for-likes were down by 2.2 percent.