Andrea Felsted, Columnist

M&S Deserves Praise for Just Saying No to Discounting

A stumble in Thursday's sales report need not be fatal for investors.

January 10, 2018 at 7:00 AM UTC

Andrea Felsted is a Bloomberg Opinion columnist covering consumer goods and the retail industry. Previously, she was a reporter for the Financial Times.

Inside A Marks & Spencer Plc Store — Luke MacGregor/Bloomberg

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The crucial Christmas trading season is shaping up to have been a brutal one for Britain's non-food retailers.

Next Plc's sales gain was welcome, but hardly outstanding. Debenhams Plc, the department store chain, and Mothercare Plc, the parent and baby goods retailer, have both warned on profit.