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06/11/2001
M&S announce surprise rise in profits
Marks & Spencer has announced a surprise rise in profits for the first half of the financial year.
The beleaguered retail store published profit figures of £220 million, a figure much higher than initially predicted on average by industry analysts.
The news builds on an earlier statement by M&S of a rise in sales of 2.8 per cent.
It is thought that the company’s new range of womenswear – its Per Una range – has been responsible for renewing consumer interest in the store, which has undergone extensive restructuring in an attempt to improve its fading fortunes.
M&S Chairman Luc Vandevelde said that the figures demonstrated “good progress” with the recovery plan, and that M&S had plans to upgrade at least 100 of the stores by the end of 2001.
He added: "I am encouraged by the progress we have made and am confident that the strength of the M&S, together with the value and quality of our improved offer, give us a firm base on which to build." (CL)
The beleaguered retail store published profit figures of £220 million, a figure much higher than initially predicted on average by industry analysts.
The news builds on an earlier statement by M&S of a rise in sales of 2.8 per cent.
It is thought that the company’s new range of womenswear – its Per Una range – has been responsible for renewing consumer interest in the store, which has undergone extensive restructuring in an attempt to improve its fading fortunes.
M&S Chairman Luc Vandevelde said that the figures demonstrated “good progress” with the recovery plan, and that M&S had plans to upgrade at least 100 of the stores by the end of 2001.
He added: "I am encouraged by the progress we have made and am confident that the strength of the M&S, together with the value and quality of our improved offer, give us a firm base on which to build." (CL)
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24 October 2002
Revitalised Marks & Spencer stores reopen
Marks & Spencer have reopened the doors of their Buttercrane Shopping Centre in Newry and Forestside Shopping Centre in Newtownbreda. Following completion work, estimated to have cost over £1.5 million, the stores represent two of three outlets in Northern Ireland due for a ‘renewal programme' this year.
Revitalised Marks & Spencer stores reopen
Marks & Spencer have reopened the doors of their Buttercrane Shopping Centre in Newry and Forestside Shopping Centre in Newtownbreda. Following completion work, estimated to have cost over £1.5 million, the stores represent two of three outlets in Northern Ireland due for a ‘renewal programme' this year.
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