Market share gains across the board
High street giant Marks & Spencer unveiled impressive results for the 26 weeks ending September 30, as pre-tax profits soared 32.2 per cent to£405.1 million.

UK sales climbed 10.5 per cent to£3.65 billion, with general merchandise up 10 per cent and food sales ahead by 10.9 per cent. Like-for-like sales advanced by 6.4 per cent - general merchandise was up 7.9 per cent and food sales rose by 4.7 per cent.

Womenswear made good progress, lingerie performed well and menswear had a strong first half. The retailer reported its first market share improvement in six years for childrenswear, up from 4 per cent to 4.4 per cent, and home continues to grow.

Food also had a successful half year, as total sales grow at twice the rate of the market.

Marks & Spencer chief executive Stuart Rose said: 'We had a good first half. We have delivered better product, better service and a better store environment. We have gained market share in all areas in which we trade. Quality and value remain our key drivers.'

Online sales continued to grow, although they are still behind rivals such as Next. A relaunch of the web site is planned for spring next year.

The retailer also revealed an expansion programme, which will involve an increase of 15 per cent to 20 per cent in space over the next five years.