Marks & Spencer boss says oil price is hitting out-of-town retail

Sir Stuart Rose, the executive chairman of Marks & Spencer, has said that high petrol prices are deterring customers from driving to out-of-town retail parks, in the latest example of how the consumer economy is being affected by rising commodity prices.

Sir Stuart said that M&S has noticed changes in shopping habits over recent months. The number of people taking car trips to out-of-town shopping centres has fallen as the price of petrol has risen, he said.

Telegraph