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| Tekijä: | Burt, S. |
| Otsikko: | The Failure of Retail Intel-nationalisation in Marks and Spencer |
| Lehti: | European Retail Digest
2002 : SEP, 35, p. 27-30 |
| Asiasana: | RETAILING SHOPPING SHOPPING CENTRES ANALYTICAL REVIEW |
| Kieli: | eng |
| Tiivistelmä: | On March 29th 2001, Marks and Spencer announced that it was to sell its Brooks Brothers clothing chain (USA and Japan) and Kings supermarkets (USA) businesses, and turn its company-owned stores in Hong Kong into a franchise. In addition, it was going to close most of its company-owned continental European stores, viewing them as 'distractions', in its quest to restore its fortunes (which had seen sales stagnate since 1998, profits (after exceptional items) fall by over F1bn in three years and its share price collapse from a high of F6.60 on 3.10.1997 to a low of F1.70 on 20.10.2000). The announcement signalled an end to the direct international ambitions of Marks and Spencer. |
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