was at marble arch m & s -- their no 1 store ( turns in excess 100 million a year )
what a mess ! and so much stock left -- huge reductions many at 50% and most at least 30%
sure they sold a lota stock -- but at what margin ? hyman from verdict research said in an interview a few days ago that retailers would probably report volumes that are not that bad
but he reckoned ( and he's right for a change ! ) that the real whammy will be known when results come out -- becuase that will show how margins have been crucified !