London, 08 February 2016 -- More sourcing directly from suppliers has improved the profitability of Marks & Spencer p.l.c.'s (Baa3 stable) general merchandise business, narrowing the gap with NEXT plc (Baa2 stable), says Moody's Investors Service in a report published today. However, NEXT's credit profile will remain stronger over the next 12-18 months as its superior logistics process will drive higher margins and sales growth than its competitor.
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