
Marks & Spencer's tumbling profits bode well for Simply Food
The company has unveiled tumbling profits in its interim results.
Profits are down 88% to £25.1 mill, though the company has revealed plans to open 200 new Simply Food stores over the next decade.
Speaking of the results, CEO Steve Rowe said "We have now completed an extensive review of our estate...Over the next five years we will transform our UK estate... whilst continuing to increase the number of our Simply Food stores".