Britain's biggest clothing retailer Marks & Spencer Group Plc will say that growth has stalled when it reports fourth quarter sales later this month, the Sunday Telegraph reported.
The newspaper also said that Marks & Spencer's Chief Executive Roger Holmes has concluded that the recovery instigated by Chairman Luc Vandevelde has run its course and further growth will only be generated by "radical change".
"The quick fixes have been done," an executive close to Holmes was quoted as saying.
A spokeswoman for the firm declined to comment.
Marks & Spencer will report fourth quarter sales on April 14. In January, the group sacked its head of clothing after reporting a 3.3 percent decline in clothing sales in the 15 weeks to January 10.
Earlier this week, the firm said it would shed about a fifth of its head office and financial services' workforce to cut costs amid intense competition.
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