They expect unaudited Group profit before tax and exceptionals for the 26 weeks to 1 October 2005 to be at or around the upper end of market expectations. The outlook for the full year profit performance will depend on trading in the important third quarter.
On Charles Wilson's departure on 28 October all responsibility for IT, Logistics and Property will pass to Ian Dyson, Finance Director.
Stuart Rose, Chief Executive stated that this is an encouraging performance, but there remains much to be done. The environment remains very difficult and they have the important Christmas trading period ahead. They are making progress.
They are listening to their customers and feedback has been positive. The product is getting better, their stores are looking better. They are offering their customers better value. This will remain their focus.
Online shopping company Marks and Spencer has over 400 stores located throughout the UK, this includes company largest store at Marble Arch, London. In addition, the Company has 150 stores worldwide, including over 130 franchise businesses, operating in 30 countries.
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