LONDON — Marks & Spencer Group plc said revenue in the third quarter climbed 1.8 percent, driven by gains in food and international sales. However, the U.K. general merchandise category, which includes clothing and accessories, was down 1.1 percent, or 2.1 percent on an underlying basis, despite an overhaul of the company's clothing offer.“We delivered an improved performance in general merchandise over the important Christmas period, with sales up 1.5 percent in a highly promotional market," said chief executive Marc Bolland, adding that he is cautious about the outlook for the full year. "An exceptionally unseasonal October, which saw GM sales down strongly, has resulted in a quarterly performance below our expectations."In general merchandise, Bolland said M&S held its full-price trading stance for much of the quarter, "but as the level of promotional activity in the marketplace intensified in the run up to Christmas, we responded with a number of promotions.RELATED CONTENT: WWD Earnings Tracker >>"We saw early signs of improvement in our women's wear business, with customers responding positively to our re-focus on quality and style, resulting in small market share growth in this area for the first time in three years," he added. He cited a "good" performance across categories including coats, dresses and footwear, noting, "We managed stocks tightly, resulting in a clean position at the end of the quarter."The statement said that food performed strongly, gaining 4.1 percent in the 13 weeks to Dec. 28, with record revenues of 64 million pounds, or $105 million at current exchange, on Dec. 23.International sales at constant currency rates were up 4.5 percent, with India and China notching double-digit growth, while M&S.com was up 23 percent. Orders from tablets were up more than 100 percent, while those from mobile phones rose more than 80 percent. A new Web platform is on track to launch this spring, which the store said would make a "meaningful" difference to the service provided.
To celebrate Pride 2018, @themarcjacobs released the #GratefulNotHateful campaign, a social media initiative aimed at extending Pride beyond the parade. Inspired by Jacobs’ everyday outlook, the campaign features Jacobs along with a group of models and social media stars who are members and supporters of the LGBT community, all seen wearing @marcbeauty’s Highliner Gel Eye Crayons in colors of the rainbow. Head to our Instagram stories to see close-ups of the liner. #wwdbeauty
Virgil Abloh’s dad Nee and Don Crawley, cofounder of RSVP Gallery, were some of the hometown crew at the Chicago-born designer’s debut show for Louis Vuitton. (📸: @jdiderich ) #wwdmens #louisvuitton #virgilabloh
About last night: @marycharteris and @adwoaaboah hit up Hyde Park for the Serpentine Galleries’ annual summer party held in partnership with @chanelofficial. Head to WWD.com to see more photos. #wwdfashion
“This is Paris, my first show. I’m all about democracy. If some kid shows up, flew from New Jersey to just be around, let’s get him a seat.” — @virgilabloh tells WWD’s @jdiderich ahead of his first show for @louisvuitton men’s. (📸: @alfredo_piola ) #wwdmens #virgilabloh #louisvuitton
“Kate Spade was a true fashion icon who brought joy to the lives of women around the world, and inspired women to live life to the fullest. We are dedicated to carrying on her legacy,” said Anna Bakst, brand president and chief executive officer of @katespadeny. The Kate Spade Foundation announced that it will be donating $1 million to suicide prevention and mental health awareness in tribute to the recent death of Kate Spade. Read more on WWD.com. #wwdnews (📷: @chinseephoto)
A first look at @virgilabloh’s sneakers for @louisvuitton. Abloh spoke to WWD about his debut collection for Louis Vuitton, creating @kendalljenner’s #metgala outfit and redefining the heritage brand. Read the full story on WWD.com. #wwdfashion 📷: @alfredo_piola)
The world’s largest producer of denim @iskodenim is sharing the strategy behind its product development process. Read our full interview with ISKO’s product development manager Baris Ozden on the company’s extensive research practices, upcoming denim trends and the latest material innovations on WWD.com. #iskodenim