The new boss of Marks and Spencer has warned that profits WILL fall in the short term as part of a turnaround plan to re

Marks and Spencer's new CEO, Steve Rowe, aims to tackle the company's challenges by reducing prices and simplifying product ranges. The strategy involves cutting prices on 30% of clothing lines and reducing reliance on promotions. Despite a short-term profit hit, Rowe believes these changes will regain customer loyalty. Customer feedback highlights mixed opinions on M&S's offerings, with some appreciating the changes. Rowe's past success in the food division raises hopes for similar achievements in clothing and homeware.

What challenge is Marks and Spencer facing according to Steve Rowe?

How does Mr. Rowe plan to change the pricing strategy at Marks and Spencer?

What impact will the price cuts have on Marks and Spencer's profits in the short term?

What does Mr. Rowe mean by 'Mrs. M&S'?

How has the shopping experience at Marks and Spencer changed under Mr. Rowe's leadership?