Here is a post from another place? If it is true then it makes disturbing news for the whole retail sector.

pauldawlish - 07 Feb'03 - 09:26 - 43 of 48


Bad news guys

Would you believe it! After posting yesterday, I learn last night that MKS is cutting staff hours until the full results are announced. It is awful news. The reason is due to worries about the full year profits not reaching expectations. Cutting staff hours will boost profits.

I sold my whole holding this morning..... little nuggets like this will get me a car sooner rather than later.

I'll buy back in after the dust settles.

15:14

(REUTERS) RESEARCH ALERT-Dresdner cuts M&S to "sell"

RESEARCH ALERT-Dresdner cuts M&S to "sell"
LONDON, March 18 (Reuters) -
Investment bank Dresdner Kleinwort Wasserstein said on Tuesday it had cut its rating on UK department store
chain Marks & Spencer to "sell" from "hold"
and lowered its price target to 260 pence per share from 310p.

*** end of story ***

LONDON, May 20 (Reuters)

Leading clothing retailer Marks & Spencer lost two percent. Full year profits topped forecasts but were outweighed by concerns about slowing consumer spending and a bigger-than-expected pension deficit.