M&S reports online sales up 28%

This is an archived article - we have removed images and other assets but have left the text unchanged for your reference

Marks and Spencer has reported an increase in online sales of 28% for the first quarter of its trading year, covering the 13 weeks to 27 June.

Overall group sales are up 2.9%, boosted by both online and international sales growth.

“We are pleased with the improving trend in our performance,” says M&S chairman Sir Stuart Rose. “This demonstrates that the actions we are taking are working.

“Consumer confidence appears to be stabilising,” he adds. “However, we remain cautious about the outlook for the remainder of this and next year and will continue to run the business accordingly.”

Read More

Customers must be engaged – but how?
Operations and Logistics
17 Mar 2023
Managing returns is fast becoming a priority for retailers
Operations and Logistics
17 Jan 2023

You may also like

Register for Newsletter

Created with Sketch.

Receive 3 newsletters per week

Created with Sketch.

Gain access to all Top500 research

Created with Sketch.

Personalise your experience on IR.net