Interviews
News Flash
M&S Home registers strong growth from its Direct biz
22 May '08
3 min read
“The Company did not meet its internal bonus targets set in April 2007 and consequently will not be paying a bonus. However, we will be paying £12.8m to store teams recognising their hard work in delivering great service and dealing with significantly increased volumes.
“We expect market conditions to remain difficult for the foreseeable future and are managing our business accordingly. Tight stock control and management of costs are a priority. M&S is well positioned to compete in this challenging market.
We are giving our customers better value and more choice than ever before. Brand momentum continues to strengthen and we have made significant investment to improve the quality of our trading space.
“We believe there is a real opportunity to expand our business in the UK and abroad, to stretch the brand into new product areas and to develop our Direct business. Capital expenditure is planned at £800-900m this year, demonstrating our confidence in the long term future of our business.
“Trading for the first seven weeks of the year has been mixed. April was, as expected, a difficult month, reflecting dramatically different weather patterns compared with the same period last year. May to date has shown a marked improvement although we remain cautious about consumer sentiment. We will update on our first quarter sales on 9 July 2008.”
Click here to view more:
“We expect market conditions to remain difficult for the foreseeable future and are managing our business accordingly. Tight stock control and management of costs are a priority. M&S is well positioned to compete in this challenging market.
We are giving our customers better value and more choice than ever before. Brand momentum continues to strengthen and we have made significant investment to improve the quality of our trading space.
“We believe there is a real opportunity to expand our business in the UK and abroad, to stretch the brand into new product areas and to develop our Direct business. Capital expenditure is planned at £800-900m this year, demonstrating our confidence in the long term future of our business.
“Trading for the first seven weeks of the year has been mixed. April was, as expected, a difficult month, reflecting dramatically different weather patterns compared with the same period last year. May to date has shown a marked improvement although we remain cautious about consumer sentiment. We will update on our first quarter sales on 9 July 2008.”
Click here to view more:
Marks and Spencer Group plc
Popular News
Leave your Comments
Editor’s Pick
Dr. Michael Duetsch & Man Woo Lee
UPM Biochemicals and Dongsung Chemical
Cary Vaughan & Jenna Wilson
Label - ace&Jig
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
