M&S announces disappointing results

Struggling
retailer Marks and Spencer today announced disappointing results.

Its
sales are down 2.6 per cent for the 14-week period to 7 July. Sales of
clothing, footwear and gifts were down by 9.1 per cent while home performance
declined by 1.5 per cent.

M&S’s
food business reported sales growth of 5.9 per cent.

It
claimed that early feedback from customers and fashion experts on the Autumn
clothes collection had been positive.

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

Email(Required)

OptOut

From time to time, we will send you emails about selected products, events and services from Personnel Today and OHW+ - but you can choose to opt-out at any time. If you do not wish to receive these emails, please tick this box.

Phone

This field is for validation purposes and should be left unchanged.

Δ

Furthermore,
a new smaller store format based on food is being trialled this month in
Surbiton and Twickenham, south London.

Earlier
this year, M&S caused controversy by announcing that it would close its
European stores.