Rolling protection of the current monetary and financial news, as high street chain M&S reveals enhancing program, and substantial task cuts
8.30 am BST
Retail expert Nick Bubb states:
M&S Food sales are doing rather well, however M&S Clothing &&Home sales are really weak therefore it is not a surprise to see business set out huge cost-cutting strategies, dressed up as ““ enhancing ” …
8.27 am BST
M&S ’ s task cuts are amongst the most serious revealed by a UK business considering that the pandemic drove the economy into its worst economic downturn in years.
But lots of other sellers have actually likewise made sweeping redundancies and shop closures.
Read more: theguardian.com