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M&S CEO Bolland says general merchandise is improving

Thu, 09th Jan 2014 07:45

LONDON, Jan 9 (Reuters) - The head of British retailer Marksand Spencer, Marc Bolland, said the company'sstep-by-step approach to improve general merchandise sales wasworking despite figures showing the 10th consecutive quarterdrop in clothing sales.

Chief Executive Marc Bolland said Britain's biggest clothingretailer, which also sells homewares and food, had seen a 1.5percent growth in general merchandise in its Christmas trading.

"The step-by-step approach to improve our generalmerchandise is slowly improving but we have always said that itwill be step-by-step," Bolland told BBC Radio.

"Our market share has been stabilised over the quarter andit has even been for womenswear slightly improved."

Bolland said the retailer's largest sharholders understoodthe company was undergoing a major transformation that wouldtake time.

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