10 781
Fashion Jobs
BOBBI BROWN COSMETICS
Bobbi Brown | Area Sales And Education Manager | Central London
Permanent · LONDON
BOOTS
Global Product Manager, no7 Skincare
Permanent · LONDON
BOOTS
Optical Consultant
Permanent · LONDON
BOOTS
Senior Ecommerce Executive
Permanent · LONDON
PEOPLE MARKETING
Men's OR Womenswear Sales Manager / New Business Developer
Permanent · LONDON
PEOPLE MARKETING
Junior Account Manager
Permanent · LONDON
NEW BALANCE
Emea Sports Marketing Manager - Running
Permanent · WARRINGTON
QVC
Buying / Merchandise Administrator - Beauty Ftc
Permanent · LONDON
PENTLAND
Assistant Retail Marketing Manager
Permanent · SUNDERLAND
JOHN LEWIS
Supplier Direct Coordinator
Permanent · MILTON KEYNES
WAITROSE
Warehouse Partner
Permanent · AYLESFORD
JOHN LEWIS
Cdh Porter (Installer)
Permanent · LEEDS
JOHN LEWIS
Loss Prevention Partner
Permanent · LONDON
JOHN LEWIS
Cdh Porter (Technician)
Permanent · LONDON
OPTICAL EXPRESS
Waiting List Coordinator
Permanent · GLASGOW
OPTICAL EXPRESS
Waiting List Coordinator
Permanent · GLASGOW
THG
us Payroll Manager ($110 – 130k)
Permanent ·
NEXT
Stock Manager - Bury st. Edmunds
Permanent · BURY ST EDMUNDS
NEXT
Sales Manager - Southend-on-SEA, Airport Retail Park
Permanent · SOUTHEND-ON-SEA
NEXT
Delivery Manager - Southend-on-SEA, Airport Retail Park
Permanent · SOUTHEND-ON-SEA
NEXT
Stock Manager - Southend Airport Retail Park
Permanent · SOUTHEND-ON-SEA
NEXT
Sales Manager - Southend-on-SEA, Airport Retail Park
Permanent · SOUTHEND-ON-SEA
By
Reuters
Published
Oct 26, 2010
Reading time
2 minutes
Download
Download the article
Print
Text size

M&S's Rose says UK consumers can cope with cuts

By
Reuters
Published
Oct 26, 2010

(Reuters) - Stuart Rose, chairman of bellwether British retailer Marks & Spencer (MKS.L), said consumers can cope with government spending cuts and retail sales will grow next year, even though trading will be tough.

M&S

"I believe that consumers want clarity and what the Chancellor of the Exchequer did last week was give consumers absolute clarity about what to expect," Rose told reporters on the sidelines of the World Retail Congress when asked about last week's package of cuts to rein in British government borrowing.

"With clarity comes, I think, more confidence," he said.

Rose brushed off recent data showing a drop in British retail sales and consumer confidence, saying this was partly due to uncertainty over the government spending review and to less favourable weather for retailers than last year.

He said the key Christmas trading period would be "hard fought, but ... OK" and retail sales would grow next year, although trading conditions would not be easy.

"I think it will be exactly what we have seen -- the weak will get weaker and the strong will get stronger."

"It has been a reasonably good retail year. If it is as good next year as this year we will all be very, very happy," he said.

Unlike previous economic downturns, the world was being helped by the strength of emerging markets, Rose said.

"Ten or 15 years ago, if the world went into recession we all waited for America to start up again. That is not the case this time. We are in a much better place than we were 24 months ago. We are in a better place than we were 12 months ago. We are not out into clear blue water yet, but we will be, providing all these measures (such as the government spending cuts) take place," Rose said.

(Reporting by Mark Potter and Victoria Bryan; Editing by Dan Lalor)

© Thomson Reuters 2024 All rights reserved.