M&S sees trade rise of 5% in quarter
Source: Agencies |
April 9, 2010, Friday
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Print Edition
Print Edition
BRITISH food and clothing retailer Marks & Spencer Group Plc said yesterday that sales in its fourth quarter were up 5 percent, better than forecast, led by a 10 percent jump in non-food sales.
The figures cover the 13 weeks to March 27 and include new store openings. Excluding them, United Kingdom sales rose 5 percent, with general merchandise up 9 percent and food up near 2 percent, the company said.
Sales outside the UK were down 6 percent, the company said.
"We have weathered the immediate impact of the recession but remain cautious about the outlook for 2010/11 given the current challenging environment," said Chairman Stuart Rose.
Marks & Spencer shares were down 0.3 percent at 376.9 pence (US$5.73) on the London Stock Exchange.
(AP)
The figures cover the 13 weeks to March 27 and include new store openings. Excluding them, United Kingdom sales rose 5 percent, with general merchandise up 9 percent and food up near 2 percent, the company said.
Sales outside the UK were down 6 percent, the company said.
"We have weathered the immediate impact of the recession but remain cautious about the outlook for 2010/11 given the current challenging environment," said Chairman Stuart Rose.
Marks & Spencer shares were down 0.3 percent at 376.9 pence (US$5.73) on the London Stock Exchange.
(AP)
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