Marks Electrical CEO sees green shoots despite falling profits and revenues
Marks Electrical profits and revenues have fallen after the retailer focused on “repositioning its inventory” in the first half, but its chief executive sees signs of recovery after returning to profitability in October.
Boss Mark Smithson said the first half of the new financial year had been “challenging for the business”, which had focused on “repositioning its inventory holdings” during the period, which “temporarily impacted [both] top and bottom-line performance”.
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