Wednesday, Nov 19, 2008
Retailers battle for survival. Seconds away, round one, ding ding!
FT: M&S to hold 20%-off sale for one day
Marks and Spencer is turning to a tactic it has not used since the business was in the doldrums in 2004, in a sign of its anxiety about the retail climate.
The retailer will on Thursday hold a one-day “20 per cent off” sale – its biggest pre-Christmas promotion for four years – to stimulate flagging revenue, according to people familiar with the retailer’s plans.
Posted by flintster1994 @ 11:56 AM (378 views) Add Comment
3 Comments
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1. flintster1994 said...
Could M&S's turn around since 2004 have had more to do with easy credit than a than their new business plan?
2. tyrellcorporation said...
I might be vaguely interested at 50% off.
3. Pmaupoil said...
This is just the beginning. There are 6 weeks before christmas so plenty of time for desperate sales.