Arab Today, arab today marksspencer posts rising q4 sales
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Marks & Spencer posts rising Q4 sales

Arab Today, arab today

Arab Today, arab today Marks & Spencer posts rising Q4 sales

London - AFP

British high street retailer Marks & Spencer announced on Thursday that sales rose in the fourth quarter of its financial year, despite challenging conditions on the high street. Group sales increased by 3.1 percent in the 13 weeks to March 30, compared with the equivalent period of the company\'s previous fiscal year, M&S said in a trading update. British like-for-like sales, stripping out the impact of new floor space, climbed 0.6 percent in the same period. General merchandise sales sank 3.8 percent but food sales grew 4.0 percent. \"We are working hard on improving our performance in general merchandise and, despite difficult trading conditions, we made progress in our operational execution,\" said chief executive Marc Bolland in the statement. He added: \"We delivered an excellent result in food, with performance well ahead of the market, as customers continued to trust us for provenance and quality.\" The update was well received by investors, who sent the group\'s share price to the top of London\'s FTSE 100 index. In morning deals, shares jumped 3.22 percent to 396.15 pence on the FTSE, which was up 0.08 percent at 6,392.22 points. However, the update also revealed that M&S clothing sales remained under pressure as a result of cold weather and weak consumer confidence in Britain. That forced M&S to increase its promotional activity last month. \"The M&S figures confirm our suspicions that things would get worse before they get better,\" said Bryan Roberts, director of retail insights at consultancy Kantar Retail. \"While food continues its robust performance driven by some great innovation, the slump in fashion sales remains worryingly entrenched. \"While the weather hasn\'t helped, our concerns persist that M&S lacks a coherent understanding of who its target shopper is and what they need to deliver to capture spending.\" M&S, which sells clothes, food and homeware, was founded in 1884 and was once one of the world\'s most profitable retailing companies. However, it has struggled from poor clothing sales in recent years. Back in January, M&S had announced an unexpectedly deep slump in clothing sales during the critical Christmas trading period in 2012.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today marksspencer posts rising q4 sales Arab Today, arab today marksspencer posts rising q4 sales

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today marksspencer posts rising q4 sales Arab Today, arab today marksspencer posts rising q4 sales

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday