M&S Clothing Sales Continue To Unravel

Written By Unknown on Selasa, 09 Juli 2013 | 18.57

Retailer Marks and Spencer has seen a continued decline in its troubled clothing department, according to its latest trading update.

It said like-for-like clothing sales declined by 1.6% during the 13 weeks to the end of June.

Clothing sales have been a particularly disappointing area for the retailer in recent years.

It overhauled key staff in the department in an attempt to reconnect with shoppers but has been unable to halt the section's decline for eight straight quarters.

Meanwhile, like-for-like food sales increased 1.8% in the quarter and total UK like-for-like sales were up 0.3%.

The food business contributes over half of M&S sales.

The retailer's annual general meeting is to be held at 11am today.

The performance will ratchet up the pressure on management to deliver a swift turnaround when new season ranges start hitting the shops on July 25.

In May, the company revealed a pre-tax annual profit of £665.2m for 2012/13, down 6% on a reported profit for 2011/12 of £705.9m.

At the time boss Marc Bolland said: "In a challenging market, M&S sales grew by 1.3%. Three of the four parts of the business made strong progress.

"We are working hard to get the general merchandise performance back on track."

The 129-year-old group serves 21 million customers a week from 766 UK stores.


Anda sedang membaca artikel tentang

M&S Clothing Sales Continue To Unravel

Dengan url

http://temannyakawanya.blogspot.com/2013/07/m-clothing-sales-continue-to-unravel.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

M&S Clothing Sales Continue To Unravel

namun jangan lupa untuk meletakkan link

M&S Clothing Sales Continue To Unravel

sebagai sumbernya

0 komentar:

Posting Komentar

techieblogger.com Techie Blogger Techie Blogger