(RTTNews) – Retail main Marks and Spencer Group Plc (MAKSY.PK, MAKSF.PK, MKS.L) reported Thursday that its 13-week Group gross sales throughout Christmas buying and selling elevated 5.6 p.c from final 12 months to 4.06 billion kilos with development in UK and ROI area.
Trying forward, the corporate mentioned it’s assured of constructing additional progress within the the rest of the 12 months.
In its Christmas buying and selling replace, the corporate mentioned whole UK and ROI gross sales grew 5.9 p.c year-over-year to three.89 billion kilos, with 8.7 p.c development in Meals gross sales and 1 p.c rise in Clothes, House & Magnificence gross sales.
Like-for-like or LFL gross sales for the UK and ROI area grew 6.4 p.c, and the expansion was 8.9 p.c in Meals gross sales, and 1.9 p.c in Clothes, House & Magnificence gross sales forward of the market in difficult circumstances.
M&S sustained UK quantity development of 6.6 p.c from the primary half into the Christmas buying and selling interval pushed by elevated clients and transactions
In the meantime, Worldwide gross sales dropped 2.8 p.c from final 12 months to 178 million kilos within the 13 weeks primarily attributable to continued difficult market circumstances in India and the phasing of franchise shipments.
Stuart Machin, Chief Govt mentioned, “This was one other good Christmas for M&S, constructing on a robust efficiency within the prior 12 months. .. Gross sales data had been damaged throughout the enterprise, with Meals recording its greatest day and Clothes, House & Magnificence on-line its greatest week, however we’re not complacent – as a development enterprise it is our job to interrupt data.”
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