Marks and spencer
There are plenty of observers who will claim that Marks & Spencer is dying, and I'm inclined to agree. I'm not suggesting that the retail monolith is going bust, or is about to be bought by Wal-Mart and rolled into one brand with Asda. It's just that the old M&S is dying and a new child is taking its place.Signs that nature has been taking its course have been apparent over the past couple of years. Sir Rick Greenbury rather unwillingly gave up the day-job as chairman, describing the clothing retail sector as a "bloodbath". When the fight for succession as chief executive was won by Peter Salsbury, he immediately had to undertake emergency open-heart surgery to give his patient the chance of leading a full life again. The latest blow came last week when M&S announced it will sever its cosy, 30-year-old supply agreement with its fourth largest supplier, William Baird.M&S first started to buy direct from manufacturers in the Twenties, a rather radical initiative in those days, when wholesalers were taken for granted. Since then, M&S has been a mainstay for the UK rag trade.Sourcing for many retail industries, particularly shoes, has increasingly moved overseas in recent years, to take advantage of the higher margins offered by l
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Some common words found in the essay are:
William BairdM&S, Middle England, Verdict Research, Eighties M&S, Hennes Mauritz, Peter Salsbury, Marks Spencer, Rick Greenbury, St Michael, It's M&S, middle england, stuck middle, stuck middle england, press office, it's stuck, it's stuck middle, ceased exist,
Approximate Word count = 861
Approximate Pages = 3 (250 words per page double spaced)
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