Marks & Spencer reports first growth in merchandise sales for four years
Marks & Spencer has reported growth in its clothing sales for the first time in four years with a 0.7 per cent rise is the sale of merchandise during its fourth quarter.
Reporting its last quarter results, ending 28 March, Marc Bolland, chief executive of the high street retailer, described the figures as “strong progress” and hailed its increased food sales of 0.7 per cent as “another excellent performance”.
Bolland added: “We continued to deliver on General Merchandise gross margin, and are pleased that we have achieved this whilst also improving General Merchandise sales. M&S.com has returned to growth, as planned, with further improvement in customer metrics."
M&S.com sales grew by 13.8 per cent, while the company also claimed record food sales during the Valentine’s Day period.
The company also used the announcement to underline its commitment to becoming an international, multichannel retailer.
Marks & Spencer recently continued its 'Adventures In' campaign, with a TV spot created for Mother's Day, once again created by ad agency, RKCR\Y&R.