M&S 'loses clothes crown to Asda'
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Marks & Spencer is no longer the biggest UK clothing retailer after being overtaken by Asda and its George brand.
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Marks &amp; Spencer, the beleaguered high-street retailer, today announced a major management shake-up as it unveiled its first half results and said trading had become tougher since its last update in early October.
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Reuters London Oct 27: British supermarket chain, Asda said it would fight to change food labelling laws after it was fined Â£ 5,000 for illegally describing its mangoes as helpful in the fight against cancer.
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LONDON Marks &amp; Spencer announced a management shake-up Tuesday that cost six senior executives their jobs, as the company said profit plunged and sales dipped in its home market for the first half of 2004.
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Marks & Spencer reports a drop in quarterly revenues, but says sales of clothing and home goods are now improving.
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The fashion company continues to build and buy in the face of disappointing sales.
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Supermarket group Asda slashes 3p from petrol prices due to "over-supply" in the market, prompting a price cut pledge from Tesco.
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Top-listed clothing retailer Marks &amp; Spencer MKS.L says it has completed the acquisition of women&#39;s fashion label per una, keeping its design-guru owner George Davies at the helm.
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The impact of rising interest rates and bad weather on stores will be seen as Marks & Spencer outlines recent trade.
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MARKS &amp; SPENCER is to pay a further Â£2 million in compensation to six executives ousted yesterday in a boardroom shake-up aimed at speeding recovery at the high street giant.
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MARKS &amp; Spencer set the price of its share buyback at 362 pence per share today, in an operation that will see Â£2.3 billion returned to shareholders.
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London - Marks and Spencer on Tuesday announced it had acquired the &quot;per una&quot; clothing brand for Â£125 million (R1.44 billion), in a deal the group hopes will help to lift falling sales.
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Business & money: Marks & Spencer's womenswear business has lost market share in the weeks since Christmas as shoppers' love affair with Twiggy fizzles out
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Marks &amp; Spencer has been knocked off its pinnacle as Britain&#39;s biggest clothing retailer by Wal-Mart&#39;s supermarket Asda.
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The discount retailer's forced to reorganize its flagging apparel business.
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Marks &amp; Spencer today revealed a further dramatic fall in sales figures and then disappointed shareholders even further with its buyback offer.
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Marks &amp; Spencer is no longer the UK&#39;s largest clothing retailer after losing its crown to supermarket chain Asda. Industry figures for the 12 weeks to July 25 are understood to show that Asda now has a leading