skip to content

Market News

M&S's sales

12 January 2017 07:20

Marks & Spencer said group reported sales in the 13 weeks to Dec. 31, 2016, were up 5.9%, in total terms, while in constant-currency terms they firmed 4.3%.

Total UK sales were up 4.5%, while on a like-for-like basis they rose 1.3%.

"I am pleased with the customer response we have seen to the changes we are making in line with our plan for the business," said CEO Steve Rowe.

"In Clothing & Home, better ranges, better availability and better prices helped to improve our performance in a difficult marketplace. We also continued to substantially reduce discounting, including over Black Friday.

"Our Food business continues to grow market share with customers recognising our product as special and different. Our Simply Food store pipeline remains strong.

"As we look forward, our Q4 reported numbers will be adversely affected by sale timing and a later Easter. Against the background of uncertain consumer confidence the business remains focused on delivering the strategic actions announced last year."

"Full year guidance remains unchanged. We continue to manage the business for the uncertain consumer outlook."

Story provided by StockMarketWire.com

Related Company: MKS

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

aew-banner-180x255.jpg

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.