Menu
11/10/2005
M&S reports positive sales figures
Marks & Spencer has announced a rise in sales for the second quarter this year.
The High Street retailer announced that like-for-like sales increased by 1.3% for the 12 weeks to October 1, contrasting with a drop of 5.4% in the previous quarter.
M&S reported a drop in like-for-like sales of general merchandise – such as clothing and homewares – but at 0.2%, it was significantly less than the previous quarter’s drop of 11.2%.
Like-for-like sales in food increased by 2.7%, compared to a 0.7% drop in the previous quarter, while full price sales of general merchandise rose by 0.4%, compared to last quarter’s 2.4% decrease.
Total group sales increased by 3.3%.
M&S reported that customer reaction to the company’s Autumn ranges had been “positive”. In a statement, the company said: “Our focus on rebuilding our home business is showing through. Food continues to make progress and has delivered another quarter of like-for-like growth, driven by product innovation and availability.
“Customer perceptions of product and service have improved. This has been reinforced through our focussed advertising campaign for food and womenswear.”
Stuart Rose, M&S Chief Executive, said that the latest figures showed an “encouraging performance”, but warned that there remained “much to be done”. He said: “The environment remains very difficult and we have the important Christmas trading period ahead.
“We are making progress. We are listening to our customers and feedback has been positive. The product is getting better, our stores are looking better. We are offering our customers better value. This will remain our focus.”
(KMcA/SP)
The High Street retailer announced that like-for-like sales increased by 1.3% for the 12 weeks to October 1, contrasting with a drop of 5.4% in the previous quarter.
M&S reported a drop in like-for-like sales of general merchandise – such as clothing and homewares – but at 0.2%, it was significantly less than the previous quarter’s drop of 11.2%.
Like-for-like sales in food increased by 2.7%, compared to a 0.7% drop in the previous quarter, while full price sales of general merchandise rose by 0.4%, compared to last quarter’s 2.4% decrease.
Total group sales increased by 3.3%.
M&S reported that customer reaction to the company’s Autumn ranges had been “positive”. In a statement, the company said: “Our focus on rebuilding our home business is showing through. Food continues to make progress and has delivered another quarter of like-for-like growth, driven by product innovation and availability.
“Customer perceptions of product and service have improved. This has been reinforced through our focussed advertising campaign for food and womenswear.”
Stuart Rose, M&S Chief Executive, said that the latest figures showed an “encouraging performance”, but warned that there remained “much to be done”. He said: “The environment remains very difficult and we have the important Christmas trading period ahead.
“We are making progress. We are listening to our customers and feedback has been positive. The product is getting better, our stores are looking better. We are offering our customers better value. This will remain our focus.”
(KMcA/SP)
Related UK National News Stories
Click here for the latest headlines.
20 May 2014
M&S Annual Profits Fall For Third Year In A Row
High street retailer Marks and Spencer has revealed a drop in profits for the third consecutive year. The retailer reported a 3.9% drop in its underlying annual pre-tax profit to £623m. The chain also said that it sales rose by 2.7% to £10.3bn in the year to March 29.
M&S Annual Profits Fall For Third Year In A Row
High street retailer Marks and Spencer has revealed a drop in profits for the third consecutive year. The retailer reported a 3.9% drop in its underlying annual pre-tax profit to £623m. The chain also said that it sales rose by 2.7% to £10.3bn in the year to March 29.
25 March 2009
Sainsbury's Sales Up
Sainsbury's boss Justin King has said 'basic' ranges helped boost the supermarket's sales during the first quarter of this year. The firm reported sales in the fourth quarter of the financial year at stores open for at least a year rose 2.7%, or 6.2% excluding fuel.
Sainsbury's Sales Up
Sainsbury's boss Justin King has said 'basic' ranges helped boost the supermarket's sales during the first quarter of this year. The firm reported sales in the fourth quarter of the financial year at stores open for at least a year rose 2.7%, or 6.2% excluding fuel.
06 December 2005
Pre-Christmas retail boost for shops
Retail sales increased for the first time since March, last month, the British Retail Consortium has reported. Like-for-like sales increased by 0.8% n November, compared to 0.2% during the same period last year.
Pre-Christmas retail boost for shops
Retail sales increased for the first time since March, last month, the British Retail Consortium has reported. Like-for-like sales increased by 0.8% n November, compared to 0.2% during the same period last year.
29 March 2006
Sainsbury's sales recovery continues
Supermarket chain Sainsbury's has reported another rise in sales for the January to March period - the chain's fifth consecutive quarter of like-for-like sales growth. The chain, the third largest supermarket in the UK, reported a 5.3% rise in like-for-like sales - excluding petrol - during the period.
Sainsbury's sales recovery continues
Supermarket chain Sainsbury's has reported another rise in sales for the January to March period - the chain's fifth consecutive quarter of like-for-like sales growth. The chain, the third largest supermarket in the UK, reported a 5.3% rise in like-for-like sales - excluding petrol - during the period.
09 November 2015
Aggreko Reports Drop In Sales
Glasgow-based Aggreko has announced it is sticking to its full-year profit guidance despite a recent decline in sales. The temporary power provider reported a drop in sales during its third quarter results with underlying revenue for Q3 7% behind last year and reported revenue down 6%.
Aggreko Reports Drop In Sales
Glasgow-based Aggreko has announced it is sticking to its full-year profit guidance despite a recent decline in sales. The temporary power provider reported a drop in sales during its third quarter results with underlying revenue for Q3 7% behind last year and reported revenue down 6%.
-
Northern Ireland WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
