M&S cautious after fall in sales

Link to the article: Channel 4 News

By Krishnan Guru-Murthy

Despite a fall in sales figures Marks & Spencer says that there are signs of economic improvement. Krishnan Guru-Murthy speaks to executive chairman Sir Stuart Rose.

Sales continued to fall at the high street bellwether Marks and Spencer in the last quarter, though there are signs that things are getting better.

Sales fell 1.4 per cent in the past three months, excluding the effect of new stores.

But the figures are an improvement on the previous quarter, when they fell 2.4 per cent.

The company, though, is still cautious about the future.

Krishnan Guru-Murthy asked M&S executive chairman Sir Stuart Rose whether he felt the downturn was over.