Business Services Industry
U.K. Retailer Marks & Spencer Faces Pressure on Children's Clothing Sales.
Knight Ridder/Tribune Business News, October, 2003
Daily Mail, London Knight Ridder/Tribune Business News
Oct. 7--Marks & Spencer is under pressure to show that its children's clothing sales have turned the corner. Its second quarter trading update, due today, will show that the hot summer has taken its toll on women's fashion sales.
But analysts will be looking for evidence of a recovery in childrenswear, which had started to stabilise last quarter.
The retailer's shares rose 3 1/4 pence to 315 3/4 pence. Analysts reckon total clothing sales will be broadly flat for the three months, though the most optimistic forecast a rise of 2 percent. This compares to 3.9 percent growth in the previous quarter.
Philip Dorgan, at WestLB Panmure, is not impressed by the latest range from...
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