The group’s sales were up 1.3% in the 13 weeks to 2 July, boosted by a strong resilience in food sales which grew by 4%. The market’s weakening momentum led to a sales decline of 8.3% in clothing and home products. The international activity outperformed with a 0.7% increase (at constant currency) vs. -1.1% for the UK. Online sales slowed to 0.5% after an impressive 8.2% in the previous quarter.
07 Jul 2016
A modest performance in the wake of Brexit
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A modest performance in the wake of Brexit
Marks and Spencer Group plc (MKS:LON) | 264 16.6 2.5% | Mkt Cap: 5,379m
- Published:
07 Jul 2016 -
Author:
Rim BEN SALAH -
Pages:
2
The group’s sales were up 1.3% in the 13 weeks to 2 July, boosted by a strong resilience in food sales which grew by 4%. The market’s weakening momentum led to a sales decline of 8.3% in clothing and home products. The international activity outperformed with a 0.7% increase (at constant currency) vs. -1.1% for the UK. Online sales slowed to 0.5% after an impressive 8.2% in the previous quarter.