Interesting news this morning about ailing high street brand M&S. After been slated recently for fuddy duddy fashions, and losing money overseas, the new plan is to concentrate on grub. With 60 clothing stores going, and a whole host of new simply food ones springing up, it does seem like M&S want to take on the big 4 supermarkets.
But with discounters like Aldi and Liddell, it seems a risky plan in an already busy food market, to go against the trend of price cuts, as M&S is seen as a luxury food brand. I wonder if Waitrose and M&S will be battling for the same customers while the discounters grow in market share?
With the likes of C&A and now BHS consigned to history, if M&S moves away from clothing the High Street will certainly start looking a bit bare when it comes to clothes for those over a certain age