Home / Knowledge / News / Apparel/Garments / Menswear & Lingerie perform particularly strongly, M&S
Menswear & Lingerie perform particularly strongly, M&S
Apr '11
Marks and Spencer plc reported quarter 4 2010/11 – Trading Statement 13 weeks to 2 April 2011.

Reported results

• Group sales +2.3%
• Total UK sales +1.0%: General Merchandise -3.4% Food +4.9%
• LFL UK sales +0.1%: General Merchandise -3.9% Food +3.4%
• Market share General Merchandise +30bps1 Food +10bps2

Underlying results

• Group sales +4.2%
• Total UK sales +3.2%: General Merchandise +1.2% Food +4.9%
• LFL UK sales +2.2%: General Merchandise +0.7% Food +3.4%

Due to 2009/10 being a 53 week financial year, this reported quarter does not include the first five days of the Christmas sale which were included in the comparative quarter last year. This had an adverse impact in the reported quarter on the total and like for like UK and General Merchandise sales. There was no impact on Food sales.

Marc Bolland, Chief Executive said:
“We had a good fourth quarter in a challenging trading environment. In times like these customers are increasingly turning to M&S for value, quality and innovation. Strong products backed by great advertising meant we outperformed the market and grew share in both Food and Clothing.”

“The plans we laid out in November continue to build momentum, demonstrated by our collaboration in Home with Sir Terence Conran, our 'bricks and clicks' return to France, and, importantly, our ability to attract best in class talent.”

General Merchandise sales were in line with our expectations given the extremely tough like for like comparatives of +9.1% in this quarter last year and the recent challenging trading conditions. In difficult times, customers continue to turn to the value and quality with which the M&S brand is synonymous.

We grew market share by 30bps to 11.6%1 as we delivered affordable style across our ranges with products to suit every budget. Menswear and Lingerie performed particularly strongly and we had a good start to our new Womenswear Spring Campaign with customers responding well to our interpretation of the latest fashions.

International sales were up 12.6%, reflecting strong performances across most of our markets offset by difficult trading conditions in Ireland and Greece. M&S Direct sales were up 13.7% in the quarter, as we reached the full anniversary of the launch of our Shop Your Way service.

Looking ahead to 2011/12 we expect the trading conditions to be increasingly challenging due to pressure on consumers' disposable incomes and higher commodity prices. As a result we are cautious about the outlook. Our focus will be on remaining competitive, and offering our customers great value and quality at a time when they will be managing their budgets carefully.

We are now embarking on the first phase of our plan to develop M&S into a leading international multi-channel retailer. While the short term trading conditions will be difficult, we haveidentified a clear path for long term growth, and will continue to focus on delivering against our plan.

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Smita Murarka

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

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silke Brand-Kirsch
Schlegel und Partner

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

Lynda Kelly
Suominen Corporation

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Mike Hoffman
Gildan Activewear SRL

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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:
April 2017

April 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