Making sense of the last seven days
He may have made a big deal about kitting himself out for£124 at his own store, but Stuart Rose's efforts to bluster his way out of this week's awful Marks & Spencer's figures will not have fooled many.

They may not have told us anything we didn't expect about M&S - the fact the figures were going to be dire had been well flagged. The real issue though is that, despite a whole raft of initiatives to get customers spending again and profits heading in the right direction, many experts remain unconvinced that the masterplan will deliver the 400p a share that Rose knows he must aim for.

His presentation on Tuesday wowed the crowds and there were certainly no signs that Rose is tiring of the challenge. However, if this time next year there are no major tangible signs of improvement, his reception will be a lot cooler.

Elsewhere, the general mood in the sector remained gloomy, with poor figures from Comet for instance, although there is still not quite the evidence to prove the Armageddon theory many pundits are suggesting.

Surprises were few and far between over the week. Morrisons continues to struggle with the integration of Safeway, although at least Sir Ken Morrison has given into the City's demands to increase the number of non-executives on the board.

GUS confirmed plans to demerge Experian - although not yet - and sell its stake in Burberry, leaving the slimmed-down business to concentrate on navigating Argos and Homebase through the difficult market conditions.

But it was Rose's week and while the M&S figures were bad, at least there was some light relief on Thursday, with revelations in the Daily Mail about an alleged new romance for the chief exec. Proof, if any were needed, that the people who run big retailers are becoming celebrities in their own right.