Tag: M&S

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 sees strong Christmas trading

M&S sees strong Christmas trading

The UK’s biggest retailers are currently reporting their Christmas trading figures, and it has been a mixed bag so far. Today, British retailing giant Marks and Spencer (M&S) said sales in the final quarter of 2010 were up despite the heavy snowfall which gripped much of the country last month. The 127-year-old retailer which sells [...]

January 11, 2011 | 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
Study reveals FTSE bosses enjoy 5% pay rise

Study reveals FTSE bosses enjoy 5% pay rise

Directors at FTSE 100 companies continue to see a rise in their salaries despite a fall in their share price. The Total Remuneration Survey 2010, conducted by pay consultancy MM&K and the proxy voting agency Manifest, shows chief execs at the UK’s top 100 listed companies have seen their pay rise 5% since 2008 - [...]

July 5, 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
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
Peacocks, Poundland, Co-op see strong xmas trading

Peacocks, Poundland, Co-op see strong xmas trading

Peacocks, which operates more than 500 fashion stores across the UK, posted a 17% rise in like-for-like sales on last year’s levels in December and early January. Richard Kirk, chief executive, said it had experienced a “cracking Christmas as customers decided they were going to celebrate after a year of doom and gloom”. Meanwhile, the [...]

January 11, 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
M&S announces fall in full-year profits

M&S announces fall in full-year profits

Britain’s largest clothing retailer, Marks & Spencer (M&S) has dealt a blow to its shareholders today by announcing it is slashing its dividend to 15p a share for the 12 months to the end of March, down 7p from the previous year. The cut was larger than analysts had expected but M&S said the cut [...]

May 19, 2009 | 0 Comments More
M&S 125th birthday sale offers products for 1p

M&S 125th birthday sale offers products for 1p

As part of its 125th birthday celebrations, Marks and Spencer will go back to its original roots as a penny bazaar and offer a range of 20 products that are available for just 1p in a three day sale. Sir Stuart Rose, the M&S chairman, said that the chain has been at the centre of [...]

May 14, 2009 | 3 Comments More
M&S report fall in sales but beats expectations

M&S report fall in sales but beats expectations

Britain’s largest clothing retailer, Marks & Spencer (M&S), has reported a 4.2% fall in like-for-like sales for the three months ending March 28. The decline compares with a 7.1% fall in the previous quarter and exceeded City expectations. However, it is the sixth consecutive quarter that the group has reported a drop in revenue. The [...]

March 31, 2009 | 0 Comments More