"Marks & Spencer Group PLC is facing the specter of rising inflation as it fights for market share in the fiercely competitive U.K. grocery and clothing market, just as the government's austerity cuts start to bite.
The U.K. high street bellwether has enjoyed a strong third quarter, including the key Christmas period, when same-store sales rose 2.8% despite the impact of the snow. However, food price inflation is on the rise and the major supermarket chains are aggressively cutting prices to attract shoppers who are tightening their belts." Read more. "M&S Warns of Rising Inflation"
Wall Street Journal, January 11, 2011. Image by FreeDigitalPhotos.net.