Green shoots of recovery continue apace at M&S

Marks & Spencer continues to

recover, with the announcement of its fourth consecutive increase in quarterly sales.

For the 13 weeks to 1 July, sales rose by 8.2% against the same period last year, while food climbed by 5.8%.

However, food sales were seen in the City as "disappointing" against the backdrop of both Easter and the World Cup occurring during the quarter.

Chief executive Stuart Rose said: "I'm not expecting to report an 8.2% increase in the next

quarter." Analysts predicted sales to increase by about 4% in the

second quarter.

The retailer is also set to

create 4,000 new shopfloor jobs and is also expanding overseas, with a planned roll-out of its franchised stores

User Login



Most read


Should the meat industry pay for compulsory abattoir CCTV monitoring?