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Marks and Spencer Group PLC

High street retailers 'running up a down escalator', says consultant Nick Bubb

Retail consultant Nick Bubb paints a  bit of a grim picture for high street retailers in the lead-up to Christmas.

Bubb says those with big fixed-cost bases - the likes of John Lewis for example - are coming under increasing pressure from their online competition.

''They're running up a down escalator'', he adds.

Quick facts: Marks and Spencer Group PLC

Price: £1.96

Market: LSE
Market Cap: £3.82 billion
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