LFL sales slip at Marks & Spencer
Marks & Spencer said group sales for the quarter ended 27th June were ahead 2.9%. UK sales were up 1.7%, with General Merchandise up 1.2% and Food up 2%. UK like for like sales fell 1.4%, with General Merchandise off 2.4% and Food down 0.5%.
Online sales soared 28%, while International sales were ahead 15.9%.
Total UK sales were up 1.7% over the period marking a further improvement in the trend seen over the last two quarters. The benefit to sales from the timing of Easter was around 0.7% in both General Merchandise and Food.
Clothing market share was up 30bps with improved performance in all areas of the business. Home sales continue to outperform the market. In Food, the actions we have taken to improve value, availability and product innovation have delivered better performance for the third consecutive quarter.
International performed well with sales up 15.9%. M&S Direct had another strong quarter with online sales up 28%.
Sir Stuart Rose, Chairman said: 'We are pleased with the improving trend in our performance. This demonstrates that the actions we are taking are working.
'Consumer confidence appears to be stabilising. However, we remain cautious about the outlook for the remainder of this and next year and will continue to run the business accordingly.'
Marks and Spencer Group will report its Q2 trading for the 13 weeks to 26th September 2009 on 30th September 2009.
Online sales soared 28%, while International sales were ahead 15.9%.
Total UK sales were up 1.7% over the period marking a further improvement in the trend seen over the last two quarters. The benefit to sales from the timing of Easter was around 0.7% in both General Merchandise and Food.
Clothing market share was up 30bps with improved performance in all areas of the business. Home sales continue to outperform the market. In Food, the actions we have taken to improve value, availability and product innovation have delivered better performance for the third consecutive quarter.
International performed well with sales up 15.9%. M&S Direct had another strong quarter with online sales up 28%.
Sir Stuart Rose, Chairman said: 'We are pleased with the improving trend in our performance. This demonstrates that the actions we are taking are working.
'Consumer confidence appears to be stabilising. However, we remain cautious about the outlook for the remainder of this and next year and will continue to run the business accordingly.'
Marks and Spencer Group will report its Q2 trading for the 13 weeks to 26th September 2009 on 30th September 2009.
Story provided by Business Financial Newswire
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