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Sales Of Women'S Wear Continued To Decline In Martha Stores.

2013/10/30 20:12:00 40

Martha Department StoreWomen'S Wear SalesPerformance Decline

 


British media quoted Kantar, a market research firm, as saying that Marks&SpencerGroupPLC (MKS:L) Martha department store M&S women's wear sales continued to decline, if the situation is true, this will be Marks&Spencer. Martha department store Ninth consecutive quarters of women's wear sales decline, Marks&SpencerGroupPLC (MKS:L) Martha department store M&S will release its interim results next week.


Fortunately, however, it is reported that in the past 24 weeks, the downward trend of sales of M&S women's clothing in Marks&SpencerGroupPLC (MKS:L) Martha Department has eased, which will narrow to 0.2% from 0.5% in the same period last year.



Marks&SpencerGroupPLC (MKS:L) Martha department store M&S2013 autumn winter series


 


   Marks&SpencerGroupPLC (MKS:L) Martha department store M&S2013 autumn winter series


To revitalize Clothing business For the first time, the new management team of the general merchandise department under the leadership of JohnDixon was jointly supervised by the former chief executive officer of DebenhamsPLC (DEB:LN) and M&S, the current fashion director BelindaEarl. Autumn winter clothing The new series was launched on the physical stores and websites at the end of July, and was fully listed in September. The series received a very positive response to media and analysts in the summer.


Marks&SpencerGroupPLC (MKS:L) Martha general store M&S expects net profit of 262 million pounds in the first half of fiscal year, which is lower than the same period last year. 2012/2013 financial year Marks&SpencerGroupPLC (MKS:L) Martha department store M&S clothing and footwear products market share fell by 0.4%, the group market share fell by 0.3%, analysts expect the two quarter of 2013/2014, Marks&SpencerGroupPLC (MKS:L) Martha department store M&S, including clothing, general merchandise department store sales fell 0.4% to 2.5%.


According to the data, as of the first 13 weeks of June 29th, the total sales of Marks&SpencerGroupPLC (MKS:L) Martha department store M&S increased by 3.6%, and the growth rate was 3.3% under the constant exchange rate.


Sales in the United Kingdom increased by 2.7%, driven by a 4.5% increase in the food sector. Sales of the general merchandise sector including clothing business recorded a slight increase of 0.5%, but same store sales fell 1.6%, which is basically consistent with analysts' forecasts of a 1.5% decline last week. This is the eighth consecutive quarter of the sector has regressed, but the decline is the smallest in two years (last year the same store sales fell 6.8%).

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