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Essay text:
(Marks & Spencer) is one of the UK's
largest retailers of women's and men's wear, lingerie and children's
wear. The company's stores also sell food and home ware and
provide financial services. Marks & Spencer serves some 10 million
customers a week in over 375 UK stores. In addition, it has 155
stores managed under franchise and owns 43 stores in 28 territories
mostly in Europe, the Middle East, Asia and the Far East. In the US
the company is present with its supermarket group, Kings Super
Markets. UK Retail accounts for 88% of the group's total turnover.
In order to improve its profitability, Marks & Spencer has
restructured its business in the last three years and has geared its
strategy towards growth in its most important segment - clothing...
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