Reported 19 days ago
British retailer Marks & Spencer reported a 17% increase in first-half profits, sparking optimism for Christmas trading. Under CEO Stuart Machin, the company has implemented a turnaround strategy focusing on enhancing food and clothing quality, store upgrades, and improved technology. This has led to an 80% rise in shares over the past year, despite some challenges ahead with inflation and tax increases. M&S is confident of continued progress as customer spending is expected to increase during the festive season.
Source: YAHOO