Retail shares have had a good year. If you take out the supermarkets and food players such as Tesco (LSE: TSCO) and Sainsbury (LSE: SBRY), share prices in the remaining general retailers have risen 33% over the last 12 months.
Marks & Spencer (LSE: MKS) has done even better and soared 59%, way ahead of the FTSE All Share index which has “only” risen 16%….
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