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Marks & Spencer 1Q sales up 2.9 pct

Marks & Spencer 1Q sales up 2.9 pct

Clothing and food retailer Marks & Spencer Group PLC said Wednesday that first quarter sales rose by 2.9 percent, though comparable sales in its home market in Britain declined by 1.4 percent.
The decline in U.K. sales was less than the 2.5 percent drop forecast by analysts.
Sales outside Britain in the 13 weeks to June 27, the company's fiscal first quarter, rose by 15.9 percent, and online portal M&S Direct posted 28 percent growth, the company said.
"Consumer confidence appears to be stabilizing," said Stuart Rose, the company chairman.
"However, we remain cautious about the outlook for the remainder of this and next year and will continue to run the business accordingly."
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http://www2.marksandspencer.com/thecompany/


Updated : 2021-05-19 08:59 GMT+08:00