• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: Marks & Spencer PLC Jun 05 Product Image

Summary: Marks & Spencer PLC Jun 05

  • Published: June 2005
  • Standard & Poors

Abstract
The ratings on U.K.-based Marks & Spencer PLC (M&S) reflect the group's leading market position with good brand recognition in the highly competitive, volatile, and seasonal U.K. apparel-retail market and decent upmarket, niche position in the U.K. food-retail market. The ratings also reflect the expectation that operating earnings will improve during financial 2006, as the new management implements its turnaround strategies. The ratings are also supported by management's commitment to restoring and sustaining a financial profile consistent for the current ratings. Since a strategic review in July 2004 by the group's new management team, led by CEO Stuart Rose, M&S is undertaking a fundamental change in its supply chain whilst implementing various new retailing initiatives amidst fierce competition from discount-oriented...

Companies mentioned in this report are:
- Marks & Spencer PLC

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets READ MORE >

- Marks & Spencer PLC

Note: Product cover images may vary from those shown

RELATED PRODUCTS