M&S results show improvement

Marks and Spencer is showing “continued improvement” with sales up in second quarter sales figures.

Marks and Spencer

The high street stalwart enjoyed a fourth consecutive quarter of improved like-for-like sales down 0.5% against total sales up 1.9% in the 13 weeks to 26 September.

Sales were driven by clothing, which saw sales up 2.7% while home sales are still struggling, down 1.8% on a year ago.

During the period, M&S boosted its clothing offer with the launch of Indigo, a new casual womenswear range and a new collaboration with menswear designer Jsen Wintle.

Food sales also performed well up 1.7% as a result of “sharper values, better availability and product innovation” thanks to the

Chairman, Sir Stuart Rose says: “We are pleased to report continuing improvement in our performance. This demonstrates the actions we are taking are working.”

The retailer’s online business reported a sales increase of 30% while its international business saw sales up 9.6%.

Earlier this month M&S revealed a new range of branded ciders, beers and ales in a bid to match its existing wine selection.

The retailer is now readying its Christmas campaign.

Recommended

David Reed Leading from the gut

Marketing Week

How deeply have data-driven decision making and business processes penetrated into UK plc? According to our latest State of the Nation survey, it is obvious that many of the basics have gained real traction. Yet there is a long way to go before every organisation can be assumed to be data-enabled. A notable finding is […]

Comments

    Leave a comment