Martha'S Three Quarter Earnings Report Is No Match For Other Competitors.
< p > the largest clothing retailer in the United Kingdom < a href= "http://www.91se91.com/news/index_c.asp" > Marks&SpencerGroupPLC < /a > (LON:MKS) Martha department store will release its three quarter earnings in January 9th local time, which is worse than analysts generally expected. Worse still, Marks& SpencerGroupPLC (LON:MKS) Martha stores are besieged everywhere.
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< p > the latest news is that SkyNews said NewLookRetailGroupLtd of the British apparel retail group grew 1.5% in the first 7 weeks of December 31, 2013.
Like NextPLC (NXT.L), in order to protect profits, NewLook did not start sales until Christmas. On the contrary, Marks&SpencerGroupPLC (LON:MKS) Martha department stores started thirty percent off clearance in the week before Christmas, and the discount rate increased to 50%.
NewLook, an insider who interviewed SkyNews anonymously, said the group had a clear strategy to protect profits. "This will lead to (NewLook) a positive result". It is estimated that NewLook will also release the results of the holiday season in January 9th.
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< p > November 12, 2013, NewLook released the first half of September 28, 2013 fiscal year ending fiscal year 2014, medium-term revenue grew 6% to 753 million 200 thousand pounds, compared to 710 million 500 thousand pounds last year, of which sales in the UK increased 5% to 579 million 400 thousand pounds, compared to 551 million 600 thousand pounds a year ago.
In the first half of fiscal year, NewLook same store sales increased by 1.9%, of which the UK market increased by 2.6%.
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Last Friday, Britain's second largest a href= "http://www.91se91.com/news/index_c.asp" clothing retailer /a NextPLC (NXT.L) once again raised its annual earnings forecast after exceeding its expected Christmas results, making its stock price soar more than 12% in January 3rd, the biggest single day increase in five years.
Between November 1, 2013 and December 24th, the total sales of NextPLC (NXT.L) increased by 11.9% over the same period last year, much better than the average forecast of 11 analysts of Bloomberg composite, 3.8% of the total sales achieved so far, higher than the group expected 2.00-3.75%.
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Sales of NextDirectory < p > a href= "http://www.91se91.com/news/index_c.asp" > e-commerce > /a > and catalogue mail order business increased by 21% over the same period last year, while sales of physical retail networks (more than 500 stores in the United Kingdom and Ireland and 200 stores in more than 30 countries around the world) registered a 7.7% increase.
Among other UK Department stores and retailers that have already announced their performance, JohnLewis and HouseofFranser performed prominently, while DebenhamsPLC (DEB.L) issued a profit warning because of excessive discounts, resulting in a sharp fall in share prices.
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Both P and Citigroup Citibank and Bernstein Bernstein lowered their target share price from 575 pence and 420 pence to 510 pence and 400 pence respectively.
Prior to this, in the 12 month of 2013, Marks&SpencerGroupPLC (LON:MKS) Martha department store was lowered by HSBC HSBC, and UBS UBS, in an investor report this year, also expressed pessimism about the expectations of the Marks&SpencerGroupPLC (LON:MKS) Martha department store's financial year.
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< p > UBS UBS expects Marks&SpencerGroupPLC (LON:MKS) Martha department store to have a pre tax profit of 2014 in fiscal year 4%, down 8% in the next fiscal year.
Analysts expect sales in the three quarter of Marks&SpencerGroupPLC (LON:MKS) general merchandise department of Martha's department to decline by at least 0.5%, and some analysts even expect sales of the Department to fall by 1.5%.
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