Home / Knowledge / News / Fashion / M&S Home registers strong growth from its Direct biz

M&S Home registers strong growth from its Direct biz

May '08
Marks and Spencer Group plc reports preliminary results 2007/08, 52 weeks ended 29 March 2008.

Full Year Results:
• Sales up 5.1% at £9,022.0m: UK up 4.2%; International up 16.8%
• UK like-for-like sales -0.5%: General Merchandise -0.5%; Food -0.4%
• Adjusted profit before tax up 4.3% at £1,007.1m1
• Profit before tax up 20.5% to £1,129.1m
• Adjusted basic earnings per share up 7.9% at 43.6p1
• Basic earnings per share up 25.8% to 49.2p
• Dividend per share up 23.0% at 22.5p per share
• Bought-back 7.4% of issued share capital for £555.9m

Quarter 4 Trading:
• Q4 UK sales +3.7%: General Merchandise +0.1%
• Q4 UK like-for-like sales -1.7%: General Merchandise -3.1%

Good progress against our five priorities:
• UK: Profit up 1.7%; Clothing volume market share +50bps to 11.2%; value share held at 11.0%. Food share up 10bps to 4.3%;
• Property: 4.8% new space opened; 35% refurbished, taking total now modernised to 70%;
• M&S Direct: Growth of 63% online; market share up 200bps to 6.2%;
• International: Profit up 33.0%; 20% space added during year; investments made in Central and Eastern Europe and India; Store to open in Shanghai in Autumn;
• Plan A: 17 of the 100 commitments delivered; progress on 77 underway

Sir Stuart Rose, Chief Executive, said:
“Despite tougher economic conditions in the second half, M&S had a good year. Profit before tax was up at over £1.0bn with earnings per share up 8%. We have returned £914m to shareholders through the buy-back of 7.4% of our shares and a 23% increase in our dividend.

Interviews View All

Manfred Mentges, Sedo Treepoint GmbH

Manfred Mentges
Sedo Treepoint GmbH

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

Kaizad Hansotia, GetNatty

Kaizad Hansotia

Competition is the best thing that can happen to a startup

Riddhika Shah, SS Homme

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Iacopo Pardini,

Iacopo Pardini

Founded in 1953, Italian engineering company Arioli Spa started...



<div>Inkbank is a leading supplier of inkjet inks and inkjet printing...

Wesly Clements,

Wesly Clements

US-based Baldwin Technology Company is a global manufacturer and supplier...

Pierre Wiertz, EDANA

Pierre Wiertz

EDANA, the international association serving the nonwovens and related...

Hemant Bheda, Arevo

Hemant Bheda

Arevo, based in Silicon Valley in California, develops technology to...

Ian Russell, Pireta

Ian Russell

UK-based Pireta has developed a unique free-form process to add durable,...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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


Leave your Comments

November 2019

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

Follow us on instagram


Follow Fibre2Fashion On

Advanced Search