The new boss of Marks and Spencer has warned that profits WILL fall in the short term as part of a turnaround plan to re

Marks and Spencer's new CEO, Steve Rowe, aims to tackle the company's challenges by reducing prices and simplifying product ranges. The strategy involves cutting prices on 30% of clothing lines and reducing reliance on promotions. Despite a short-term profit hit, Rowe believes these changes will regain customer loyalty. Customer feedback highlights mixed opinions on M&S's offerings, with some appreciating the changes. Rowe's past success in the food division raises hopes for similar achievements in clothing and homeware.

What is the main challenge that Marks and Spencer is facing according to the new chief executive?

• Increasing sales in clothing and homeware

• Expanding into new international markets

• Improving online shopping experience

• Reducing the number of physical stores

What strategy does Steve Rowe plan to implement to make M&S more competitive?

• Increase the number of product lines

• Reduce prices on a significant portion of clothing ranges

• Open more stores in rural areas

• Focus solely on online sales

What is the expected short-term impact of the new strategies on M&S?

• Decrease in share price

• Increase in profits

• Immediate customer satisfaction

• Expansion into new markets

How do customers perceive the changes in M&S's pricing and offerings?

• They believe the quality has decreased

• They think the product range is too vast

• They feel the prices have dropped

• They find the prices have increased

What previous success does Steve Rowe have within M&S?

• Running the clothing division

• Overseeing international expansion

• Managing the homeware section

• Leading the food division