M&S Chairman Spells Out Home Truths at London's Wembley Stadium
This article is for subscribers only.
With England gripped by soccer fever, Marks & Spencer Group Plc Chairman Archie Norman addressed shareholders at London’s Wembley Stadium -- but he was in no mood to bask in the national team’s World Cup success.
In a stadium conference room, Norman laid out the depths of the crisis facing the retailer, which is losing market share to companies ranging from discounter Aldi to Inditex SA’s Zara to online-only players like Asos Plc.