By  on April 10, 2014

LONDON — Gains in both clothing and food sales helped Marks and Spencer Group plc’s sales rise 1.9 percent in the 13 weeks to March 29, versus the same prior-year period, the U.K. retailer said Thursday.


M&S’ clothing sales gained 1.3 percent in the quarter, up 0.6 percent on a same-store basis. The retailer’s general merchandise sales — a figure that contains clothing, which is closely watched by analysts — advanced 0.2 percent, but fell 0.6 percent on a same-store basis. The 0.6 percent decline was slightly less of a fall than analysts had expected, and compared to a fall of 3.8 percent for the category’s same-store sales a year ago.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus