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Buy custom Marks & Spencers: The Downfall and leadership vacuum

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Topic: Business
Number of pages / Number of words: 17 / 4542
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Launching the "Outstanding Value" campaign in autumn 1992, Greenbury reduced the retail price of 25% of his goods, delivering a fall in price that robustly supported the company's image.

At the same time as the buyers at M&S were tasked with seeking out quality goods with simple, attractive styles, Greenbury was negotiating hard with the suppliers with whom he had forged a strong relationship during his year as COO and the two years as chief executive before that, urging them to make "a contribution" on the back of M&S' purchasing power...


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With the whole retail sector in decline, M&S suppliers were aware that, hard though it might be, achieving volume sales through M&S was their only option. Greenbury inspired confidence in his buyers, which allowed them to buy a selected number of styles in vast quantity, maximising the opportunity for discounts (ibid...


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