British Clothing Retailer Martha Department Store Two Quarter Sales Growth

Britain Clothing retailer Martha Marks&Spencer said in October 7th that its total sales increased by 6.5% in the second quarter as of October 2nd. In addition, the comparable sales of the company's core business increased by 5.3% in the quarter.

　　 Marks & Spencer According to the company, the company is a British apparel retailer in terms of sales volume. Largest retailer 。 In addition, Martha department store's market share increased by 0.7% to 10.3% this quarter. In terms of food business, Martha's market share increased from 3.6% to 3.7% this quarter. Martha, the new chief executive of the department store of MarcBolland, said: "the company performed well in the second quarter of this year, but I will remain cautious about the market situation in the coming months."

SeymourPierce analyst George (FreddieGeorge) said: "Martha department store's strong sales growth in the second quarter basically compensated for the increase in costs."

Martha department store said that with the increase of VAT rate and the reduction of public expenditure, the disposable income of consumers will face greater pressure, and the market situation in the future will become more challenging. Due to the increase in marketing expenditure, it is estimated that the operating cost growth rate of the company in the current fiscal year will exceed 4% of the previous forecast of 5%.