M&S posted an improving performance in Q4 compared to the previous quarter. Sales grew by 1.9%, pulled up by e-commerce which edged up by 8.2%. The food segment, enhanced by the expansion, has boosted the performance, growing by 4% (organic sales were flat). Clothing and home goods retreated by 2.7% on a lfl basis. The company benefited from international expansion, drawing a 3.8% rise, while local sales decreased by 1.1% lfl.
07 Apr 2016
E-commerce gives some breath to the Q4 figures
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E-commerce gives some breath to the Q4 figures
Marks and Spencer Group plc (MKS:LON) | 247 -10.9 (-1.8%) | Mkt Cap: 5,032m
- Published:
07 Apr 2016 -
Author:
Rim BEN SALAH -
Pages:
2
M&S posted an improving performance in Q4 compared to the previous quarter. Sales grew by 1.9%, pulled up by e-commerce which edged up by 8.2%. The food segment, enhanced by the expansion, has boosted the performance, growing by 4% (organic sales were flat). Clothing and home goods retreated by 2.7% on a lfl basis. The company benefited from international expansion, drawing a 3.8% rise, while local sales decreased by 1.1% lfl.