Home / Knowledge / News / Apparel/Garments / M&S on track to become truly global multi-channel retailer
M&S on track to become truly global multi-channel retailer
22
May '12
Marks & Spencer (M&S) announces the full year results 2011/12 - 52 weeks ended 31 march 2012.

Final results:
• Group sales up 2.0% at £9.9bn
• Total UK sales +1.5%: Food +3.9%; General Merchandise -0.9% (Clothing +0.2%, Home -10.0%)
• Like-for-like UK sales +0.3%: Food +2.1%; General Merchandise -1.8%
• International sales +5.8%
• Multi-channel sales +18%
• Underlying profit before tax1 £705.9m (last year £714.3m)
• Underlying basic earnings per share1 34.9p (last year 34.8p)
• Full year dividend 17.0p per share (last year 17.0p)
• Net debt £1.86bn (last year £1.90bn)

Statutory results:
• Profit before tax £658.0m (last year £780.6m)
• Basic earnings per share 32.5p (last year 38.8p)

Marc Bolland, Chief Executive, said:
“Marks & Spencer performed well in a challenging economic environment, growing group sales by 2% and holding market share. We also made good progress with our strategic plans.

“We managed the business prudently with tight control of costs and capital investment, delivering earnings in line with last year, and substantial efficiency savings in our capital investment plans.

“Whilst the economic environment has deteriorated since we first set out our strategic plans, we have made significant progress. Our UK pilot stores are delivering good results, which has given us the confidence to launch phase two of the programme. We are well on track to become a truly international multi-channel retailer. By the end of this year we will be transacting from 10 websites worldwide and opening around 100 international stores per year.”

Robert Swannell, Chairman said:
“We have a clear strategy for the business. We remain focused on delivering this strategy effectively and efficiently.

“In line with the dividend policy set out last year, the Board is recommending a final dividend of 10.8p per share, resulting in an unchanged full year dividend of 17p per share.”

Operational highlights:
• Maintained market share2 in Clothing and Food
• Managed our operating cost base tightly
• Overall £300m saving in capital investment over three years
• Strong LFL growth in key strategic International markets
• Food availability up 2%, net waste down 10%
• Good progress with supply chain and IT programme implementation


In a highly competitive market, M&S held its number one position in the UK market. Overall Clothing and Home sales were down 0.9% with Home impacted by the decision to exit from Technology.

Click here to read more details:

Marks & Spencer is one of the UK's leading retailers, with over 21 million people visiting stores each week. Marks & Spencer offers stylish, high quality, great value clothing and home products, as well as outstanding quality foods, responsibly sourced from around 2,000 suppliers globally. Marks & Spencer employ over 78,000 people in the UK and abroad, and have over 700 UK stores, plus an expanding international business.

Marks & Spencer (M&S)

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Eric Scholler
Groz-Beckert

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Igor Chapurin
Chapurin

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search