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M&S logs best quarterly sales in 4 years
(MENAFN) UK retailer Marks & Spencer logged its best quarterly non-food sales performance in four years, despite online distributing problems that ruined its Christmas, Oman Observer reported.
The clothing retailer's shares rose by 6.3 percent to a seven-year high after it said sales of general merchandise, spanning clothing, footwear and homewares rose 0.7 percent in the past quarter.
CEO highlighted "high single-digit" like-for-like sales growth at both its relatively upmarket Autograph and Limited clothing brands, and noted positive press reviews of a USD295 suede skirt.
"It's a step-by-step journey and we're taking steps in the right direction," CEO told reporters. Asked how long he planned to stay as boss, he said: "I'm really enjoying the role and there's more to do."
The clothing retailer's shares rose by 6.3 percent to a seven-year high after it said sales of general merchandise, spanning clothing, footwear and homewares rose 0.7 percent in the past quarter.
CEO highlighted "high single-digit" like-for-like sales growth at both its relatively upmarket Autograph and Limited clothing brands, and noted positive press reviews of a USD295 suede skirt.
"It's a step-by-step journey and we're taking steps in the right direction," CEO told reporters. Asked how long he planned to stay as boss, he said: "I'm really enjoying the role and there's more to do."
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