Marks & Spencer tipped to conquer inflation storm
M&S has been backed to ride out an inflation ‘storm’ – while Currys and Wickes are set to struggle, according to Deutsche Bank.
Analysts said demand for its posh food and trendy clothes will help as shoppers face rising costs.
They also warned there are ‘downside risks’ for lower-income consumers and big-ticket spending, hitting parts of the sector.
Chic: Actress Gillian Anderson modelling for Marks & Spencer’s fashion range
Deutsche cut B&M and Wickes to ‘sell’ and Currys and Dunelm to ‘hold’, but backed M&S, Pets at Home, – supported by its vets business – and Tesco, due to its size in its sector.
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