Home / Knowledge / News / Apparel/Garments / Marks & Spencer Q4'FY14 clothing sales rise 1.3%
Marks & Spencer Q4'FY14 clothing sales rise 1.3%
10
Apr '14
Marks and Spencer Group plc quarter 4 2013/14 trading statement 13 weeks to 29 March 2014.
 
Highlights: 
-Group sales +1.9%
-UK: total sales +1.5%, like-for-like –0.2%
-Food: total sales +2.5%, like-for-like +0.1%
-GM: total sales +0.2%, like-for-like –0.6%
-Clothing: total sales +1.3%, like-for-like +0.6%
-M&S.com +12.5%
-International sales +4.7%
-Stated on ex-VAT and constant currency basis, International sales at actual currency were +2.1% on year for the quarter.
-Adjusting for impact of later Easter timing, total Food sales were +4.2% like-for like +1.8%
 
Marc Bolland, Chief Executive said, “We delivered another quarter of improvement in General Merchandise. Clothing sales were up 1.3% in total, up 0.6% on a like-for-like basis. We are encouraged by Womenswear, which is showing clear signs of improvement and performed ahead of Clothing. 
 
“Our Food business had another great quarter, especially considering the later timing of Easter. This marks our 18th consecutive quarter of growth. We continued to outperform the market with record sales around key events including Valentine’s Day and Mother’s Day.” 
 
Trading summary
In General Merchandise, we delivered another improved performance against a backdrop of high levels of discounting in the market. In Clothing, following a better performance over Christmas, our Womenswear business continued to strengthen, delivering a good like-for-like sales performance during the quarter. 
 
Customers are responding well to our re-focus on quality and style. Sales of M&S Collection in Womenswear, which was re-launched last Autumn, were notably up on last year. Our new Spring/Summer collection has been well received, with customers noticing the improving style credentials.
 
Our Food business had a great quarter, against tough comparatives. We outperformed the market once again. Customers continued to recognise our unrivalled quality and provenance and also turn to us for special events, such as Valentine’s Day, with a record number of Dine In deals sold, and Mother’s Day, which produced a record day on chocolates and flowers. We are well set up for the coming Easter season, a third of the range is new this year and we have more choice than ever before. 
 
This quarter we successfully completed the migration of our website from Amazon onto our new platform. Despite this major change, M&S.com delivered a good performance with total sales up 12.5%. We managed the transition cautiously, reducing our usual level of marketing activity in order to ensure a smooth migration. In May we will launch a new external marketing campaign to promote the site.
 
The International business continues to perform well. Our priority markets delivered a strong performance with strong growth in India, in our flagship stores in China and in the Gulf. We are pleased with the performance in Western Europe, with good improvement in Greece and Czech.

Marks and Spencer


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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