Clothing Sales Of Martha, The Largest Clothing Retailer In Britain, Fell For The Ninth Consecutive Quarter
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< p > according to the first half of fiscal year 2013 announced by Martha & amp; Spencer Group PLC (LON:MKS) today in the first half of fiscal year, the sales volume of general merchandise department, which is mainly sales of a target= "_blank" href= "http://www.91se91.com/" > clothing "sales", is 1.5% lower than that of the same period last year. The first quarter decline was 1.6%, narrowed to 1.3% in the two quarter of September 28, 2013, which is better than the 1.5% predicted by analysts, and the smallest decline in more than two years. "Marks"
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Marc Bolland, chief executive officer of Martha P & amp; Spencer Group PLC (LON:MKS), said that early signs of improvement had been seen, which made investors hope for Marks Spencer Spencer Group (Martha) department store. Its stock price closed at 505.57 pence in November 5th, up 3.79%, and its market value was 7 billion 850 million pounds in November 5th.
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< p > for universal expectation, we can let Marks & Spencer Group PLC (LON:MKS) a href= "http://www.91se91.com/news/index_s.asp" > Martha department store "/a" recovery, heavy gold invited 10 "Leading Leading" (outstanding women) endorsement of the 2013 autumn winter clothing new line, the group purchased 50% of the single products in the advertisement in September 12th, and sold 80% of them in six weeks, and pointed out that this is unprecedented.
He said the end of the two quarter was the first time that the autumn and winter series, which was built by the former food department director John Dixon, was fully listed for only three weeks. Therefore, it is too early to judge the effectiveness of the new product with the two quarter data.
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< p > the majority of analysts pour cold water on Marks & Spencer Group PLC (LON:MKS) Martha a href= "http://www.91se91.com/news/index_c.asp" > department store "/a".
Among them, Sanford C. Bernstein analyst Jamie Merriman told Bloomberg that Marks Martha Spencer Group PLC (LON:MKS), the core customer group of the department store of Martha, is a woman aged 50-70 years old. Although they are fond of the latest products, they still do not increase their consumption of these products.
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< p > Marks > Spencer Group PLC (LON:MKS) Martha department store realized total revenue of 4 billion 880 million pounds in the first half of the year, up 3.9% compared to the same period last year, mainly benefiting from the same store sales growth and 8% increase in international business revenue of 5.3% of the food sector which contributed more than the general income.
The pre tax profit was 280 million 600 thousand, unchanged from the same period last year, excluding disposable income. The pre tax profit decreased 8.9% to 261 million 600 thousand pounds from 287 million 300 thousand a year earlier, less than 273 million pounds of comprehensive analyst of Bloomberg.
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< p > Marks > Spencer Group PLC (LON:MKS) Martha general store said that in view of the continuous pressure on consumers' disposable income, the group was cautious about the forecast for the whole year.
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