Inference is that margin will be lower because of need to clear stock. Richard Ratner
Motivational, Inspirational, Funny Quotes
![[Marks & Spencer was among only a few retailers to make gains, closing up 2p at 382p after the chief executive Stuart Rose unveiled the group's Cardinal Place store, its first new opening in central London for over a decade.] There is little doubt that M&S will achieve top of the range estimates, even if the all-important third-quarter like-for-like sales are down 4% on non-food, ... what we worry about is the ability to grow profits. - Richard Ratner Quotes](/pic/img/img.php?text=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&author=ICBSaWNoYXJkIFJhdG5lciAgICA=&num=6 "[Marks & Spencer was among only a few retailers to make gains, closing up 2p at 382p after the chief executive Stuart Rose unveiled the group's Cardinal Place store, its first new opening in central London for over a decade.] There is little doubt that M&S will achieve top of the range estimates, even if the all-important third-quarter like-for-like sales are down 4% on non-food, ... what we worry about is the ability to grow profits. - Richard Ratner Quotes")
