Stuart Rose
Stuart Rose
Stuart Alan Ransom Rose, Baron Rose of Monewdenis an English businessman, who was the executive chairman of the British retailer Marks & Spencer. Following the appointment of Marc Bolland in May 2010, Rose stepped down as executive chairman at the end of July 2010 and remained as chairman until early 2011 when he was replaced by Robert Swannell. He was knighted in 2008 for his services to the retail industry, and created a Conservative Life Peer on 17 September 2014,...
NationalityBritish
ProfessionBusinessman
Date of Birth17 March 1949
If we get through to January, and continue along this trend, we'll be more confident about the sustainability of what we've delivered this morning,
The sum total of all this demonstrates that Philip Green's offer significantly undervalues the business,
The thing about London is that it is a hotbed of new and exciting talent. We don't aim to compete on a like-for-like basis, we aim to do what we can do best.
Costs of fuel, utilities, rent and rates have risen sharply and will have an impact next year.
There's no abhorrence about wearing M&S. We just haven't been delighting the girls.
The trading environment remains difficult and we do not expect this to improve in the next financial year. Progress will become more demanding as we start to come up against growth year on year.
We have already received such positive feedback from customers we will be extending the range further this autumn.
I am the largest market shareholder of clothing in the U.K. and I am not a destination shop for food. If the clothing market is affected - and it has been - and I hold my market share mathematically, then fine, I am doing no worse than the market is doing, which is exactly the case, but I'm losing revenue.
People want cheap goods and Italy does not make them. Protectionism does not work
I have always been an advocate and was, in my last job at M&S, a supporter of the Al Gore dictum that a sustainable business can be a profitable business. We were the first sizeable company in the U.K. to prove that was the case.
There are a lot of very busy blokes about who wear a suit for work, who go through a lot of wear and tear and who'll want this because of convenience, The customer is time-compressed and, in middle America, also pocket-book compressed.
We have been at pains to point out that we've got the critical three months to Christmas to go. If we get to January and we're on a similar sort of track, then we can start talking about a recovery.
It's a solid set of results. I would say so far, so good,
We are pleased with the progress we are making but there remains much to do.