Menu
20/05/2014
M&S Annual Profits Fall For Third Year In A Row
High street retailer Marks and Spencer has revealed a drop in profits for the third consecutive year.
The retailer reported a 3.9% drop in its underlying annual pre-tax profit to £623m.
The chain also said that it sales rose by 2.7% to £10.3bn in the year to March 29.
While the companies like-for-like sales, which includes clothes and furnishings, were down 1.4% in the year, its like-for-like food sales in the same period were up 1.7%.
Chief executive Marc Bolland said: "We are focused on improving our performance in general merchandise and were pleased to see early signs of improvement."
(CVS/CD)
The retailer reported a 3.9% drop in its underlying annual pre-tax profit to £623m.
The chain also said that it sales rose by 2.7% to £10.3bn in the year to March 29.
While the companies like-for-like sales, which includes clothes and furnishings, were down 1.4% in the year, its like-for-like food sales in the same period were up 1.7%.
Chief executive Marc Bolland said: "We are focused on improving our performance in general merchandise and were pleased to see early signs of improvement."
(CVS/CD)
Related UK National News Stories
Click here for the latest headlines.
21 February 2014
ONS Figures Show Year-On-Year Increase In Retail Sales
New figures from the Office for National Statistics have revealed a 1.5% drop in retail sales in January, down from a pre-Christmas boost of 2.5% but still 4.4% up on January 2013. Comparing year-on-year figures for January there was an 8% increase in non-food sales, with sales of household good increasing by 9.
ONS Figures Show Year-On-Year Increase In Retail Sales
New figures from the Office for National Statistics have revealed a 1.5% drop in retail sales in January, down from a pre-Christmas boost of 2.5% but still 4.4% up on January 2013. Comparing year-on-year figures for January there was an 8% increase in non-food sales, with sales of household good increasing by 9.
16 June 2005
ONS reports retail sales ‘restrained’
The latest three-monthly growth in retail sales volume was the highest since November 2004, the Office of National Statistics has reported. However, the report warned that the underlying trend appeared “restrained” and annual growth in sales volume fell to the lowest level for six years.
ONS reports retail sales ‘restrained’
The latest three-monthly growth in retail sales volume was the highest since November 2004, the Office of National Statistics has reported. However, the report warned that the underlying trend appeared “restrained” and annual growth in sales volume fell to the lowest level for six years.
25 March 2009
Sainsbury's Sales Up
Sainsbury's boss Justin King has said 'basic' ranges helped boost the supermarket's sales during the first quarter of this year. The firm reported sales in the fourth quarter of the financial year at stores open for at least a year rose 2.7%, or 6.2% excluding fuel.
Sainsbury's Sales Up
Sainsbury's boss Justin King has said 'basic' ranges helped boost the supermarket's sales during the first quarter of this year. The firm reported sales in the fourth quarter of the financial year at stores open for at least a year rose 2.7%, or 6.2% excluding fuel.
10 January 2012
Retail Sales Soar During Christmas Rush
UK retail sales were boosted by a pre-Christmas rush. Sales values were 2.2% higher on a like-for-like basis from December 2010, when sales had fallen 0.3%, hit by snow. On a total basis, sales were up 4.1%, against a 1.5% increase in December 2010. On both measures and excluding Easter distortions, sales performance was the best since January.
Retail Sales Soar During Christmas Rush
UK retail sales were boosted by a pre-Christmas rush. Sales values were 2.2% higher on a like-for-like basis from December 2010, when sales had fallen 0.3%, hit by snow. On a total basis, sales were up 4.1%, against a 1.5% increase in December 2010. On both measures and excluding Easter distortions, sales performance was the best since January.
30 July 2003
Retailers boosted by later summer sales, says CBI
The warm weather and a later start to the summer sales gave retailers an "unexpected boost" in July, according to the CBI's latest monthly Distributive Trades Survey published today (Wednesday). Retailers had expected July to show the same modest sales growth as June but in fact sales grew at the fastest rate since April 2002, the CBI said.
Retailers boosted by later summer sales, says CBI
The warm weather and a later start to the summer sales gave retailers an "unexpected boost" in July, according to the CBI's latest monthly Distributive Trades Survey published today (Wednesday). Retailers had expected July to show the same modest sales growth as June but in fact sales grew at the fastest rate since April 2002, the CBI said.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
