Essential reading for retailers and suppliers in the home improvement market

Marks & Spencer reports strong Q2 results

Published: 7 October 2010
Group sales up 6.5% for 13-week period, with home category showing the biggest rise.
Marks & Spencer reports strong Q2 results
The high street retailer reported an 8% increase in general merchandise sales for the 13 weeks ended October 2, while food was up 5.2%. Within the general merchandise category, home saw the strongest performance, up 9.3%, with clothing up 7.8%.

UK like-for-like sales for the 13-week period were up 5.3%, with general merchandise pushing ahead with a 7% increase.

Marks & Spencer chief executive Marc Bolland said: "Marks & Spencer has had a good second quarter, growing market share across all parts of the business."

Its online offer, M&S Direct also had a strong quarter, with sales up 49%. The retailer's multi-channel ordering service, 'Shop Your Way' has now been rolled out to 434 stores, allowing customers to order online and collect in store.

Looking ahead, the group remains cautious about the outlook for the rest of this year and going into next. It believes trading conditions are "likely to become more challenging", as spending cuts and the VAT rise put greater pressure on consumers' disposable incomes. Marks & Spencer added that increased commodity prices and "significantly tough comparatives" is likely o have an effect on its performance in the second half.

Comments


(Your email address will not be published)
9 + 9 =  
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

Wally
I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories