Marks & Spencer upgrades profits as sales grow
M&S has upgraded its profit outlook after growing market share in its clothing and home and food businesses.
In a trading update for the first 19 weeks of the year, M&S said like-for-like food sales grew over 11%, as M&S made “further investment in quality and trusted value” and lowered prices on more than 80 ‘Remarksable Value’ lines.
Like-for-like clothing and home sales grew more than 6% over the same period, driven by strong growth in stores over online.
Subscription content
Please sign in now if you have a subscription or are already registered with us.
Register for free to continue reading
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
- Two free article views per calendar month on Retail-Week.com
- Detailed analysis of current trends and events
- Exclusive newsletters
- In-depth reports, videos, interviews and much more
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few moments before your account is updated.