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COMMENTARY

M&S deserves praise for just saying no to discounting

A retailer that holds its nerve on full-price sales protects margins and gives consumers confidence in the prices that they pay

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M&S has been making a valiant attempt to step away from the discounting mania that has enthralled chains in the UK and the US.

London

THE crucial Christmas trading season is shaping up to have been a brutal one for Britain's non-food retailers. Next's sales gain was welcome, but hardly outstanding. Debenhams, the department store chain, and Mothercare, the parent and baby goods retailer, have both warned on...

sentifi.com

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