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Essay text:
However recently the group
has been facing their worst times ever. The problems began at the start of
this financial year (April 99). The problems to date so far include, their
profits halved, they have lost some of their best directors, they are nearing
to financial ruin, and yesterday they reported the sharpest profits decline in
its history. These recent events have caused damage to Marks &Spencer s
market, profitability and organisation. Market: Marks &Spencer have lost
their summer season income due to poor timing, last years summer collections
did not reach the stores until late august by when it was too late...

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