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    Martha Department Store Sales Increased 6.5% In The Two Quarter.

    2010/10/9 23:02:00 80

    Department StoreMarthaUK

     

    Beijing time October 7th evening news, British clothing

    Retailer

    The Martha department store (Marks&Spencer) said on Thursday that its total sales increased by 6.5% in the second quarter of October 2nd this year.

    In addition, the comparable sales of the company's core business increased by 5.3% in the quarter.


    According to Martha department store, the company is British clothing in terms of sales volume.

    Retail

    The 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.

    Marc Bolland, a new chief executive of Martha stores, 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."


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


    Martha department store said it was affected by the increase in VAT rates and the decrease in public expenditure.

    consumption

    The disposable income of the people 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%.

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