Home / Knowledge / News / Apparel/Garments / Clothing market share up 20bps - Marks & Spencer
Clothing market share up 20bps - Marks & Spencer
Jul '11
Marks & Spencer announces first quartet interim management statement 2011/12.

Marc Bolland, Chief Executive said:
“Marks & Spencer continued to grow market share in both Clothing and Food by offering our customers more choice, great value for money and leading innovation.

“Against the uncertain economic backdrop, we are focused on trading through the short term, while building for the long term growth of the business.”

Trading summary
Clothing market share was up 20bps to 11.7%1, marking 17 consecutive months of gains. Our customers continue to turn to Marks & Spencer quality for their everyday essentials including tailoring and underwear. We responded well to the season's key fashion trends, with ranges including Fashion Brights, launched in six weeks from sketch to store. We delivered more choice and great quality especially in our better and best ranges.

M&S Direct sales were up 13% in the quarter, with customers responding well to the convenience of our Shop Your Way multi-channel service. International sales were up 7.8%, reflecting a good performance across most of our markets.

We expect trading conditions to remain challenging due to pressure on consumers' disposable incomes and higher commodity prices. As a result we remain cautious about the outlook. Our focus will be on remaining competitive, and offering our customers great value and quality at a time when they are managing their budgets carefully.

Existing guidance for the financial year 2011/12 remains unchanged.

Marks and Spencer Group plc will report its half year results for 26 weeks ending 1 October 2011, including Q2 trading, on 8 November 2011.

Marks & Spencer

Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search