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Annual accounts

Member rating: 10 out of 10 stars (1 vote) | Words: 1550 | Submitted: Tue Jul 24 2007

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'This company is successful!' Discuss this statement using a company of your choice and the annual accounts to support your assumptions. Marks and Spencer is a British retailer, which is one of the most widely recognised chain stores in the UK and is the largest clothing retailer. They are also a multi-billion pound food retailer. It has several stores outside of the UK. It also has a third line of business selling homewares such as bedlinen. Marks and Spencer history started in 1884. It originially was a chain of "Penny Bazaars" and was founded by a Russion immigrant called Michael Marks. From then on Marks and Spencer got more and more famous. It made its reputation in the 20th century on a policy of only selling British-made goods. Marks and Spencers is a good example for a successful company as their sales show increases from the year 2001 to 2002. To...

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