Thursday, January 10, 2008

Shares of major high street retailers fall sharply

Marks & Spencer shares plunge after poor sales

M&S, Next, Argos, Debenhams and Woolworths shares fall by between 5 and 10% this morning confirming suspicions that consumer sentiment has turned. Coupled with this morning's decision to keep interest rates at 5.5% it is now only a matter of time before job losses hit the sector.

Posted by chris k @ 12:18 PM (337 views)
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