Retailer M&S slows foreign expansion
British retailer Marks & Spencer is slowing its overseas expansion drive amid economic turbulence in China and Russia. |||
Brussels – British retailer Marks & Spencer is slowing its overseas expansion drive amid economic turbulence in priority markets China and Russia, its international boss told Reuters. Battling tough markets at home, M&S Chief Executive Marc Bolland set targets in 2014 to open 250 new stores overseas in three years. The aim was to increase international sales by a quarter and push profit up by 40 percent, with China, Russia, India, the Middle East and Western Europe …read more
Source: Independent Online
