Marks and Spencer says that from tomorrow it is indefinitely reducing prices across its clothes, furniture and homeware ranges. The company, which employs 3,500 people and by the end of next week 
will have 20 stores in Ireland, says it is making the move because of pressure from its customers.Jonathan Smith, who runs the Irish business of Marks and Spencer, says the company recognised that retail trading conditions in Ireland are tough at the moment and its Irish customers had made it clear that they wanted better value for their euro. Mr Smith said that M&S had been working very hard to get its internal costs down and has worked very closely with its suppliers. He said that M&S has also taken advantage of the better sterling/euro exchange rate and is now in a position to reduce prices across all of its clothing and homeware products from tomorrow morning. The M&S Ireland boss said the retail chain had been steadily reducing prices during the year, especially in its food offerings. He says the 12% cut move is a 'really big gesture' to the company's customer base and he predicts that the move will be a hit with customers.
will have 20 stores in Ireland, says it is making the move because of pressure from its customers.Jonathan Smith, who runs the Irish business of Marks and Spencer, says the company recognised that retail trading conditions in Ireland are tough at the moment and its Irish customers had made it clear that they wanted better value for their euro. Mr Smith said that M&S had been working very hard to get its internal costs down and has worked very closely with its suppliers. He said that M&S has also taken advantage of the better sterling/euro exchange rate and is now in a position to reduce prices across all of its clothing and homeware products from tomorrow morning. The M&S Ireland boss said the retail chain had been steadily reducing prices during the year, especially in its food offerings. He says the 12% cut move is a 'really big gesture' to the company's customer base and he predicts that the move will be a hit with customers.For further details visit at:www.rte.ie/business/2009/0617/mibusiness.html
No comments:
Post a Comment