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LONDON, May 25 (Reuters) - British retailer Marks & Spencer said on Wednesday its new boss's plan to turn around thefirm's underperforming clothing and homewares business wouldimpact short-term profit.
Chief Executive Steve Rowe said his focus would be onimprovements across its ranges and designs and better productavailability. He would also continue to reduce the proportion ofsales on promotion, though prices would be sharper.
"These actions, combined with the difficult tradingconditions, will have an adverse effect on profit in the shortterm," he said.
"We are, however, confident that our commitment todelivering the right product, price and service will help returnClothing & Home sales to growth." (Reporting by James Davey, Editing by Paul Sandle)
