M&S smartens up

High-street retailer Marks & Spencer is undergoing a refit. Is it time to snap up the shares? Alex Williams investigates.

796-MS-1200

Marks & Spencer is getting a refit. Steve Rowe, the new chief executive who took over at the group in April, has unveiled a plan to boost clothing sales at the high-street giant. Rowe wants to lower prices and trim the group's baffling number of ranges to please loyal customers, who he dubbed "Mrs M&S". "We need to cherish her and give her what she needs," Rowe told the BBC.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up