Marks and Spencer benefits from supply chain management improvements

Marks and Spencer has attributed “continuing improvement in performance” to better stock control, sourcing and supply chain management.
The retail giant’s second quarter trading statement reported that it is continuing to manage costs tightly, although “better than planned volumes” are expected to lead to an increase in full year operating costs of 0 per cent to one per cent, excluding bonus. Capital expenditure for this year is still expected to be around £400m.

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