Marks & Spencer’s Bid to Woo Female Shoppers Vexes InvestorsBy and
Rowe’s plan a reversal from previous CEO’s emphasis on margins
M&S shares plummet 8.7%, the biggest drop in seven years
Marks & Spencer Group Plc’s effort to win back its core female clientele by cutting prices, de-cluttering aisles and hiring more in-store workers has alienated investors, who criticized the plan as short on ambition and detail.
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