Martha'S Market Share Was Eroded By Chief Executive Officer Or CEO.
< p > the past week is bad news for Marks&SpencerGroupPLC (MKS.L) < a href= "http://sjfzxm.com/news/index_s.asp" > Martha department store "/a". Not only the most profitable clothing retailers have been surpassed by NextPLC (NXT.L), but the research data of KantarWorldpanel show that its share in the clothing market has also been eroded. The industry is worried that the chief executive officer "a" will not be guaranteed. It will become another "class" after Mai Baorui.
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Since May 2010, P has been the chief executive officer of Marks&SpencerGroupPLC (MKS.L) Martha department store. MarcBolland has witnessed the fall of clothing sales in Martha's department store for the 10 consecutive quarter, although there has been no marked improvement in the continuous personnel adjustment and reform of the general merchandise department, including the clothing sector.
According to research data released by KantarWorldpanel this week, the share of Martha's department store in the British fashion market fell by 0.2% in the 24 weeks before February 16, 2014, while the share of 12 weeks before February 16, 2014 dropped by 0.4%.
Martha's key sales of women's clothing fell 0.2% in the past 12 months, down 5% in the past 12 weeks.
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< p > continuous bad news made the industry worried about the future of MarcBolland in Martha's department store. What's more, its 3 year 2 billion 300 million pound plan is coming to an end.
In the early January when the three quarter financial report was released, analysts asked about the future of MarcBolland, but AlanStewart, the group's chief financial officer, said he and his current policies were still supported by the board and shareholders.
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< p > > in the past half year, Martha (MKS.L) department store, a href=, "http://sjfzxm.com/news/index_s.asp" > share price < /a > fell 7%. In view of the weak performance of Marks&SpencerGroupPLC (MKS.L) Martha department store for more than two years, Citigroup Citibank and SanfordC.Bernstein Bernstein both lowered their target shares in January 6th, down from 575 pence and 420 pence to 510 pence and 400 pence respectively.
NomuraSecurities Nomura Securities also lowered Martha's 2013/14 and 2014/15 pre tax profit expectations this week.
Nomura Securities lowered the pre tax profit of Marks&SpencerGroupPLC (MKS.L) Martha's fiscal year from 632 million to 614 million, lower than analysts' average forecast of 628 million pounds, and lowered the pre tax profit of 2014/15 to 709 million pounds, after which it expected to be 724 million pounds.
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In addition to that, P also downgraded Marks&SpencerGroupPLC (MKS.L) Martha's general merchandise department store sales in the four quarter, from 1.5% to 1.5%.
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< p > MarcBolland said in the three quarter financial report, "a href=" http://sjfzxm.com/news/index_s.asp "> women's wear < /a > business has signs of early recovery. In this field, our market share has increased slightly, which is the first time in three years.
But SanfordC.Bernstein Bernstein quoted KantarRetail, a research firm, that the sales of clothing in Marks&SpencerGroupPLC (MKS.L) Martha department store increased by only 0.2% in the first 24 weeks of November 24, 2013, while the industry's average growth rate was 0.9%.
Analyst JamieMerriman said that the mild climate in the UK in the winter of 2013 was bad for the Marks&SpencerGroupPLC (MKS.L) Martha department store, which was the main product of cashmere products and coats and jackets this season. So the Department started its 30 percent off general merchandise department product a week before Christmas, indicating that the Department's inventory and sales were bad.
KantarRetail analyst BryanRoberts says the performance of Marks&SpencerGroupPLC (MKS.L) Martha department makes everyone wonder when the big reversal will happen.
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