Marks & Spencer is expected to admit this week that it is
struggling to meet chief executive Marc Bolland’s grand plan to add £3billion to sales over three years.
Bolland revealed the plan 18 months ago to increase turnover from £9.7billion in the year to April 2011.
In his first presentation on the strategy, he said M&S would reach £11.5billion to £12.5billion in sales by 2014.
Bolland is expected to report that profits fell four per cent to £685 million. He is also expected to update shareholders on store refurbishments and new branches in France, where he has recently spent time overseeing developments.