A red Christmas for Marks & Spencer

VRimg File Description =Attributes= Version: 1.3 Compressed: true Resolution { width: 5000 height: 5000 pixelAspectRatio: 1 } Render Region { renderRegion: false xmin: 0 ymin: 0 width: 5000 height: 5000 } Regions Info { regWidth: 64 regHeight: 64 whatsXY: MaxSize } Camera Info { transform: matrix projection: perspective aperture: 35.9999 fov: 6.86726 targetDistance: 200 nearRange: 0 nearClip: 0 farClip: 1e+030 focalLength: 200 fNumber: 8 } =Channels= Alpha (float3) RGB color (float3) Substrate_file5 (float3) atmosphere (float3) background (float3) defocusAmount (float) denoiser (float3) diffuse (float3) effectsResult (float3) extraTex_VRayDirt2 (float3) globalIllumination (float3) lighting (float3) materialID (float3) noiseLevel (float) rawGI (float3) reflection (float3) reflectionFilter (float3) refraction (float3) refractionFilter (float3) specular (float3) worldNormals (float3) worldPositions (float3)

Marks & Spencer third quarter sales take a dive as the recession bites the retailer even harder

Print

Print

News

Marks & Spencer is expected to report its worst Christmas sales performance since Sir Stuart Rose took charge of the company. Analysts are predicting that like-for-like sales will be down at least 5.5% in the third quarter, and possibly as much as 9.6%.

According to reports, it is estimated that M&S non-food sales will have declined between 6% and 8% compared with Q3 in 2007, with margins taking a further battering by discounting in the run up to Christmas.

Although food sales are predicted to have benefited from consumers trading up to premium ranges during the festive season, a drop of nearly 7% is still expected.

The Observer in the UK wrote that should Marks & Spencer’s overall sales be down by more than 6.3%, it will represent the worst quarterly performance for the company since 1999.

Related Articles

CSNA raises concerns over Re-Turn fees →

CSNA reminds retailers of licence deadline →

Pettitt’s SuperValu acquires SuperValu Knocklyon Dublin →

Holland & Barrett opens new Galway store →