Marc Bolland manages M&S surge
The new chief executive (CEO) of Marks & Spencer has managed to live up to his reputation for success, which he earned at Morrisons, by delivering impressive sales figures for his new employer.
Marc Bolland took over from former CEO Sir Stuart Rose on May 1st and, since his tenure began, the household retailer has managed to record a third consecutive month of increasing sales.
"Marks & Spencer has delivered another good sales performance in the first quarter, continuing the progress made by the team over the previous year," said Bolland.
Overall UK sales were up 4.4 per cent in the 13 weeks to July 3rd and, excluding newly-opened stores, its like-for-like sales in the UK were up 3.6 per cent, according to the Guardian.
Another senior manager trying to do well in a new environment is John Murray, to whom Spar has given the task of improving sales after it appointed him as development controller for the area.
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Posted by Wayne Bly
Filed: 07-07-2010
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