Online sales at M&S rose while like-for-like sales have seen a decline
R E L A T E D C O N T E N T
ADVERTISEMENT
Web sales brighten up M&S results
Angelica Mari,
Computing 01 Jul 2009
Internet business sees 28 per cent growth despite fall in like-for-like sales
The online operation of Marks & Spencer (M&S) generated 28 per cent
year-on-year growth in its latest financial quarter, and the retailer said
consumer spending appears to be stabilising.
The sales growth at M&S Direct follows the introduction of
a
project focused on online improvement.
Some
changes in the navigational structure of the web site have already been
introduced and a major refresh is scheduled to go live in the autumn.
“We are pleased with the improving trend in our performance. This
demonstrates that the actions we are taking are working,” said M&S chairman
Stuart Rose.
“Consumer confidence appears to be stabilising. However, we remain cautious
about the outlook for the remainder of this and next year and will continue to
run the business accordingly,” said Rose.
Services such as international delivery, wine club and gift card redemption,
with better product availability and order fulfilment capability, are expected
to be part of the web site’s new features.
Despite the growth online, UK like-for-like sales at M&S decreased by 1.4
per cent in the 13 weeks to 27 June, after a fourth-quarter drop of 4.2 per
cent.
M A R K E T P L A C E
V-SOL: Supply Premium Vehicle Tracking Systems to MOD, TRansport for LONDON and EDF-CHANNEL RELEASE!
Expert Buyers is the UKs Leading No Savings No Fee IT Procurement Service. Claim your Free Audit Now
WAN based, automated, daily vulnerability assessments. Click here to try and request our whitepapers.
As recognised by the Accountancy Age Awards 2004, 2005 and 2006.
Online Time & Attendance Tracking
30 Day Free Trial ( $49 a year )
| Badenoch & Clark
Fantastic opportunity for talented Treasury Manager, Maidenhead. My client, an international player with a major European presence is looking for a Treasury Manager to work in their Maidenhead office. This is an excellent opportunity to ...
more > | Marks Sattin
Our client is a leading international Accounting firm a first class reputation and culture. In line with plans for growth they are seeking to recruit an exceptional VAT Senior to work directly with a Senior ...
more > | Marks Sattin
Out client is a growing practice and is now looking to expand its Corporate Tax Department. We are seeking to recruit an experienced Tax professional to join our expanding team. The position offers excellent prospects ...
more > | Goodman Masson
My client a FTSE 100 company based in Central London is looking for a Project Accountant within the construction department. Reporting to the Senior Project Accountant your key objective is to administer effective and efficient ...
more >
More
Jobs in Finance
RSS feeds