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Showing posts with label Marks and Spencer. Show all posts
Showing posts with label Marks and Spencer. Show all posts

July 13, 2011

Marks & Spencer gains share in tough clothes market

Marks and Spencer has reported sales growth and a bigger market share despite the stagnant UK clothes market.

Like-for-like UK sales excluding VAT in the 13 weeks to 2 July rose 1.7% versus a year ago, in line with expectations.

The growth was entirely driven by food sales. Non-food like-for-like sales saw zero growth - an improvement on the 3.9% fall in the previous quarter.