How will M&S fare under new CEO Steve Rowe?

How will M&S fare under new CEO Steve Rowe?

By The Times

This week’s podcast is a special look at how the retail sector has fared over the crucial Christmas periodIn the space of a few days, Marc Bolland had announced he would step down as chief executive of M&S as the retailer reported another ‘disappointing’ Christmas in its clothing sales, and Sainsbury’s made a £1 billion bid for Home Retail Group, the owner of Argos.So is the British retail sector in turmoil?Richard Fletcher, Business Editor of The Times, tells us why he thinks M&S will be in safe hands with Marc Bolland’s replacement, the chain-smoking Millwall fan Steve Rowe.“He’s not your typical image of a chief executive, but he’s loved by his troops, he loves the business and the people and I think he’s the right person for the job.”Meanwhile, Deirdre Hipwell, retail correspondent, explains why Home Retail Group is so desirable for Sainsbury’s after the success of Argos concession in the supermarket’s stores. And why supermarkets are struggling to find ways to fill excess space. But with...

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