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M&S sales improve

Marks & Spencer saw clothing sales rise 1.4% over the 13 week first quarter to June 27 but overall like-for-like-sales of general merchandise fell back 2.4%.

Total group sales rose 2.9%. UK sales were up 1.7% over the period, although M&S estimated that around 0.7%came from the earlier timing of Easter.

“Consumer confidence appears to be stabilising. However, we remain cautious…”

Sir Stuart Rose, chairman, Marks & Spencer

UK sales of general merchandise, which includes clothing, rose 1.2%. Within that, clothing sales rose 1.4% and home sales were up 0.1%.

Marks & Spencer said that its overall clothing and footwear market share advanced by 30 basis points to 10.3%for the 12 weeks ended May 24 , with gains across all sub-sectors.

Online sales were up 28% over the period and international sales grew 15.9%.

M&S chairman Sir Stuart Rose said: “We are pleased with the improving trend in our performance. This demonstrates that the actions we are taking are working. Customers have responded well to our initiatives particularly our 125th anniversary campaign, and recently voted us the UK’s most trusted retail brand.”  

“Consumer confidence appears to be stabilising. However, we remain cautious about the outlook for the remainder of this and next year and will continue to run the business accordingly.”

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