CITY VIEWS | HAS MARKS & SPENCER LOST ITS SPARK?
PORTOLEIO MATTHEW
CHARTIS
I don’t think so. Its retail services are very good so this is just due to reduced profitability in the economy. If you compare it with Sainsbury or Tesco it is a much higher value brand and its bakery is exceptional.
NATASHA RUSKINA
IG GROUP
No. I think this dip is just a response to the general market trend. Shoppers are switching to other supermarkets but I’ve always shopped at M&S and it really offers value for money with excellent quality.
MUHITUR RAHMAN
INVESTEC
Yes, because it is not catering for the right audience anymore; it just caters for old people now. With new retail outlets such as H&M and Topman entering the market, it has to be more competitive on the price.