Eurozone. In 1H13, Trading in M&S’ European businesses was once again impacted by macroeconomic pressures, particularly in the Republic of Ireland and Greece, and M&S took the decision to close four stores across Greece and Eastern Europe.
o In 2010 M&S set out a target to grow its revenues by £1.5bn to £2.5bn over the next three years. As a result of the deterioration in the economic environment since then, it now expects to achieve a £1.1bn to £1.7bn increase in revenues.