I am preparing this question about a bad performance company…
Give me an example of a company you thought was poor and discuss?
I think marks and Spencer did not do well recently. Shares in Marks & Spencer have fallen by two thirds in 18 months, hitting a 7.5 year low of 191p on Tuesday. Especially during current recession, there is a gloom on high street, Consumers are increasingly cautious about their budgets. I think there are many used-to-be customers of m&s choosing cheaper alternatives before Christmas. The consumer confident is fragile and the retail environment is unpredictable. Thus, the m&s has reported a sharp drop in sales down 6.1 per cent. The spokesman said it would cut investment in the business and put tight controls on costs. And there are dozens of head office jobs are cut following its decision to scale back its store expansion and refurbishment program.
What you guys think about my answer? thanks a lot