Martha Expects The Restructuring Department To Be Seen By Investment Banks.

People who have been focusing on the new CEO trend of Martha's department have been doing something lately. Recently, Marsha's new CEO Steve Rowe Issued the 2016 financial year's annual financial report, which is his first annual earnings meeting as the group's new CEO.

It is reported that in the 2016 fiscal year ended April 2, 2016, the group's pre tax profit recorded a 4.3% increase to 689 million 600 thousand pounds, better than the market expected 674 million pounds, while the group's total revenue rose by 2.4% to 10 billion 555 million pounds.

Although the data are better than market expectations, it has always been Marks & Spencer The common failing of the clothing department was solemnly put forward after the new CEO took office, so the new CEO on the clothing sector reform also proposed that the clothing department did not set a time limit.

As for Marsha general store Clothing department There is not much expectation for the recession. Investment banks believe that Steve Rowe's lack of clarity in its report has raised questions and criticisms.

Because of the slumping of investment banking analysts, the price of Marsha general store fell 8.77% after the opening day, with a 9.3% decline in the whole day.

In addition, the group chairman pointed out that the primary task of Steve Rowe is to restart clothing and home business growth. And the growth rate of the leading food business also needs to be vigilant.

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People who have been paying close attention to Martha's department for a long time should know that since the new CEO Steve Rowe took office, the news about cleaning the past brand and vigorously reorganizing the team has been heard. Recently, another rumor is the purchasing director of Marsha's department store.

According to foreign media rumors, the purchasing director Mark Lindsey and Neal Lindsey, appointed from the CEO Marc Bolland, will leave Marsha after the expiration of the contract next year. Both of them have been effectively promoted by CEO since they have been effective in squeezing costs and raising gross margins since they were hired. But one of the consequences of the above strategy is the decline in the quality of the clothing sector.

Although neither side has responded to this rumor, the industry believes that if Lindsey brothers leave, it means that Martha's strategy of raising gross profit through cost control has failed, but the poor quality of the Department of clothing of Marsha general department and the sequelae of no design style may be eliminated.

However, there are also sources saying that since Steve Rowe took office, the internal procurement channels have been improved, so even the departure of Lindsey brothers has not had a big impact on the group.