Sunday September 27, 2020

M&S reports missed targets after sales figures leak

Marks & Spencer Group, Britain’s largest clothing retailer, reported quarterly sales that missed analyst estimates as it opted out of the discount-driven market and offered fewer promotions.

10th January, 2013
Marks & Spencer released the statement after Sky News reported that the company’s sales were worse than anticipated.

Marks & Spencer Group, Britain’s largest clothing retailer, reported quarterly sales that missed analyst estimates as it opted out of the discount-driven market and offered fewer promotions.

Same-store revenue at the general merchandise unit fell 3.8 per cent in the 13 weeks ended December 29th, the London-based company said yesterday, a day before scheduled publication. That compares with the median estimate of nine analysts for a 1.5 per cent decline and the prior...

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