M&S sees 12 % increase in online sales | RetailDetail

M&S sees 12 % increase in online sales

M&S sees 12 % increase in online sales

Marks & Spencer managed to increase its fourth quarter turnover (from January to March) in pretty much every field, with online sales as the biggest growth sector.

Slight drop in home market

Marks & Spencer's total turnover grew 1.9 % in its fourth quarter, with clothing going up 1.3 % (like-for-like turnover growth was a mere 0.6 %). Food grew 2.5 %, but on a like-for-like basis, it was merely 0.1 %, partly because Easter was not part of the fourth quarter this year.

 

M&S.com's sales grew 12.5 % with online sales as the biggest growth sector. Marks & Spencer will try to keep the momentum going with a new marketing campaign in May, focused on promoting the website. 

 

Its home market, the United Kingdom, managed a 1.5 % turnover growth, even though the like-for-like comparison shows a 0.2 % drop. International turnover grew 4.7 %, but for the full numbers, we will have to wait until 20 May, because that will be the day of the full 2013-2014 results.

Questions or comments? Please feel free to contact the editors


Action owner wants to sell stake

18/05/2018

Action’s owner, investment firm 3i, aims to sell a part of the discount store chain next year. The Brits would want to sell a 35 % stake in the firm.

Belgian fund close to HEMA acquisition

09/05/2018

Belgian Core Equity holding is allegedly close to acquiring Dutch chain HEMA: a verbal agreement is apparently in place, all that is required are the signatures.

Walmart, not Amazon, will acquire Indian market leader Flipkart

07/05/2018

Despite Amazon’s attractive offer, Indian online retailer Flipkart has chosen for Walmart and (remarkably), Google owner Alphabet as the new owners of 75 % of Flipkart’s shares. The deal is said to be worth 15 billion dollar.

Alibaba's growth exceeds expectations

07/05/2018

Chinese retail group Alibaba has published better-than-expected quarterly results: turnover went through the roof, but its profit is under pressure because of increased investments.

Shareholders ‘not amused’ by Unilever CEO's wage increase

03/05/2018

One in three British Unilever shareholders voted against the company’s proposed remuneration plan. Investors in the Dutch part of the (currently) British-Dutch company will vote on the plan as well.

Macy's acquires New York-based concept store Story

02/05/2018

American department store chain Macy’s will acquire New York-based concept store Story. Founder Rachel Schechtman will become Macy’s’ “brand experience officer”.