Home / Knowledge / News / Apparel/Garments / Q1FY17 clothing & home textiles sales down 8.3% at M&S
Q1FY17 clothing & home textiles sales down 8.3% at M&S
Jul '16
Clothing and home furnishing sales at UK retailer M&S were down 8.3 per cent year over year for the 13 week period ending July 2, 2016, while, like for like sales too were down 8.9 per cent.

However, international sales were up 0.7 per cent from a fiscal ago quarter at constant currency and rose 6.1 per cent on a reported basis.

In the trading statement released for the first quarter of fiscal 2016-17, M&S said, “As planned, the summer sale began on July 5, two weeks later than last year.”

“We continued to reduce the number of promotional events during the quarter, including just one 'cyber day' compared with six last year,” it added.

“We have repriced 1,000 lines since January and are pleased with early results, while for lines repriced in the fourth fiscal quarter; we have seen strong sales growth,” the retailer observed.

CEO Steve Rowe said, “A key part of our recovery plan for Clothing & Home is lowering prices and reducing promotions.”

“As a result, we ran fewer price promotions while continuing to lower prices to deliver real value to our customers, and moved the summer sale to July,” he also added. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 9th Dec 2016

ACIMIT signs MoU with Pakistan textile bodies

In a bid to strengthen the trading in garments and textiles between...

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Textiles | On 9th Dec 2016

GST Council may decrease tax rates in future: CBEC

The goods and services tax (GST) Council might reduce the proposed...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch
Schlegel und Partner

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

Kevin Nelson

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

Mike Hoffman
Gildan Activewear SRL

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

Karan Arora
Karan Arora

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

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

December 2016

December 2016

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


Browse Our Archives


Advanced Search