NEW MANAGEMENT SEEN BOOSTING SALES AT KINGS

LONDON -- Retailer Marks & Spencer here said the new management at its Kings Super Markets division in Parsippany, N.J., is improving the sales trends at the chain.statement discussing year-end results.Operating profits at Kings were down about 70% at actual exchange rates, to 2.4 million pounds, or $4.3 million, compared with the preceding year. Sales were down 12.1%, to 238.8 million pounds, or

LONDON -- Retailer Marks & Spencer here said the new management at its Kings Super Markets division in Parsippany, N.J., is improving the sales trends at the chain.

statement discussing year-end results.

Operating profits at Kings were down about 70% at actual exchange rates, to 2.4 million pounds, or $4.3 million, compared with the preceding year. Sales were down 12.1%, to 238.8 million pounds, or about $430 million. At constant exchange rates, operating profit for the

Register to view the full article

test - Advanced Registered User

Already a member? .