Marks & Spencer's clothing sales on the slide | RetailDetail

Marks & Spencer's clothing sales on the slide

Marks & Spencer's clothing sales on the slide

The warm September weather has impacted Marks & Spencer's clothing sales: for the 13th quarter in a row sales have gone down for the British chain.

Margins grow

Nevertheless, the company says it is happy with the first half of its current fiscal year. CEO Marc Bolland had promised to grow gross margins 1 % this year, but they were already up 1.5 % in the first half. Food sales were also up, with a 1 % like-for-like turnover growth in the first 6 months of the current fiscal year: that means Marks & Spencer outperformed the four largest British supermarket chains.


The clothing sales drop was partially offset by higher margins, which have resulted in a mere 0.4 % pre-tax profit drop to 279 million pounds (350 million euro). "We are pleased with the progress we have made against our key priorities for the year", the CEO said, even though he won't be happy with the 6.3 % online sales drop and the 3.4 % turnover drop for international activities.

Questions or comments? Please feel free to contact the editors

The end of the retail employee


For the first time it’s safe to say that the future of work is really fabricated by futuristic events. People will need to become just as versatile as AI technologies and blockchain applications. Are you ready?

Alibaba doubles Lazada investment


Chinese Alibaba will once again invest 2 billion dollars (1.6 billion euro) into e-commerce company Lazada, active in Southeast Asia. It invested a similar sum in the group about two years ago.

CK Hutchison owner steps down


Li Ka-shing, CK Hutchinson’s owner and CEO, will step aside mid-May. The 89-year old will then pass on the baton to his eldest son, Victor Li, who will then take control of chains like Kruidvat and ICI Paris XL.

Toys ‘R’ Us goes bankrupt


The definitive end is approaching for the former toy store giant, Toys “R” Us. After the death sentence was signed for its 100 British stores, its American store network will also shut down.

Unilever chooses Rotterdam


The long-standing rumour has now been confirmed: Unilever will have its main office in Rotterdam, rather than London. The food and detergent giant’s board has made the call after nearly a year of debate.

Claire’s edges closes to bankruptcy


Store chain Claire’s is allegedly preparing to shut down in the next few weeks. Following that, the current owner, Apollo Global Management would give the company to several debtors.

Back to top