Tag: Marks and Spencer

Halfords and Carpetright issue profit warnings

Halfords and Carpetright issue profit warnings

Retailers Halfords and Carpetright have both issued profit warnings, as UK consumers are squeezed in the face of rising inflation and Government spending cuts. Car parts and bicycle retailer Halfords lowered its 2011 estimate for profits before tax to £124 million-£127 million, down from £127 million announced earlier this year. The retailer blamed the “tougher [...]

April 7, 2011 | 0 Comments More
M&S reports better than expected sales

M&S reports better than expected sales

British retailing giant Marks and Spencer (M&S) has today reported like-for-like sales, which strip out new store openings, grew 0.1% in the 13 week period to 2 April. The figures were marginally better than expected and sent shares up 13.3p today to 353.5p. The 127-year-old retailer which sells clothes, food and homewares said general merchandise [...]

April 6, 2011 | 0 Comments More
M&S reports strong first half

M&S reports strong first half

British retailing giant, Marks and Spencer (M&S) today reported half-year pre-tax profits of £348.8 million in the 26 weeks to October 2 - a rise of almost 17% compared with a year earlier. The 126-year-old retailer which sells clothes, food and homewares, said earnings after tax grew by 16.4% to £261.2 million Sales, meanwhile, increased [...]

November 9, 2010 | 0 Comments More
M&S echoes other retailers and issues cautious outlook

M&S echoes other retailers and issues cautious outlook

British retailing giant, Marks and Spencer (M&S), has today reported a rise in UK like-for-like sales of 5.3% in the 13 weeks to October 2. Furthermore, the 126-year-old retailer which sells clothes, food and homewares, said total sales across the group grew by 6.5%, with international sales 6.2% higher. Chief executive, Marc Bolland who joined [...]

October 7, 2010 | 0 Comments More
Q1 sales growth slows at M&S

Q1 sales growth slows at M&S

British retailing giant, Marks and Spencer (M&S), has today announced UK same-store sales grew in its first quarter (13 weeks to 3 July), while food sales rose 1.5% and general merchandise was 6% higher. While the figures represented the third quarter of sales growth in a row, it was slower than the 5.1% increase in [...]

July 7, 2010 | 0 Comments More
M&S announces 4.6% rise in pre-tax profits

M&S announces 4.6% rise in pre-tax profits

British retailing giant, Marks and Spencer (M&S), has today announced pre-tax profits totalled £632.5 million for the 12 months to 27 March - a rise of 4.6% on the same period a year ago. UK like-for-like sales, which strip out the impact of new store openings, grew 0.9% over the 12-month period. Sales of general [...]

May 25, 2010 | 0 Comments More
John Lewis posts 30% rise in weekly sales

John Lewis posts 30% rise in weekly sales

The John Lewis Partnership, which is seen as a barometer of British retailing, today announced that sales grew 30% in the week to 3 April, compared with the same period a year ago. The renowned employee-owned department store said poor weather and the Easter holiday encouraged consumers to spend and provides evidence that the economic [...]

April 9, 2010 | 0 Comments More
M&S sales beat forecasts but issues caution

M&S sales beat forecasts but issues caution

British retailing giant, Marks and Spencer (M&S), today posted better-than-expected same store sales of 5.1% in the UK in the 13 weeks to March 27 (its fiscal fourth quarter). Sales were boosted by strong demand for formalwear and knitwear. The company said clothing sales grew 10.1%, while homewares rose 13.3%. Furthermore, food sales (which have [...]

April 8, 2010 | 0 Comments More
Sainsbury’s sees record Christmas performance

Sainsbury’s sees record Christmas performance

January 7, 2010 | 0 Comments More
M&S sales growth slightly below expectations

M&S sales growth slightly below expectations

British retailing giant, Marks and Spencer (M&S), has today reported its first sales growth in over two years. The 125-year-old retailer which sells clothes, food and homewares, said like-for-like sales grew 0.8% in the three months to 26 December compared with the same period a year earlier. However, the increase was below market expectations of [...]

January 6, 2010 | 1 Comment More
M&S reports flat profits

M&S reports flat profits

British retailing giant, Marks and Spencer (M&S), has reported flat profits for the six month period to September 28 and said it is cautious about the year ahead. While profits were at the top end of analysts forecasts, profit before tax and one-off items was £298.3 million. In a statement Chairman Stuart Rose said: “We [...]

November 4, 2009 | 0 Comments More
Marks and Spencer considers online grocery shopping

Marks and Spencer considers online grocery shopping

Marks and Spencer (M&S) has revealed it is considering establishing an online food shopping service. The retailing giant has been toying with the idea for some time but opted out due to the costs associated with setting up the service. However, Steve Rowe, the company’s director of retail, told City analysts in London yesterday: “Food [...]

October 14, 2009 | 0 Comments More
Recession see shoppers snub M&S as Primark and Asda grow in popularity

Recession see shoppers snub M&S as Primark and Asda grow in popularity

Marks and Spencer (M&S) is no longer Britain’s most popular fashion retailer. Shoppers seeking bargains amid the economic downturn means Asda’s George and discount clothing retailer Primark are the nation’s first and second favourite clothes shops. The budget fashion chains are luring shoppers away from the more expensive retailers and this was highlighted last month [...]

October 9, 2009 | 0 Comments More
M&S sees best quarter for two years

M&S sees best quarter for two years

Marks and Spencer (M&S), which is Britain’s largest clothing retailer, has reported a strong performance by recording its best quarter for two years. The retailing industry overall has suffered in the wake of the economic downturn as consumers rein in their spending. However, today the retailer said like-for-like sales in the UK (which exclude new [...]

September 30, 2009 | 0 Comments More