Marks & Spencer Group PLC
07 October 2003
Issued: Tuesday 7 October 2003
MARKS & SPENCER QUARTER 2 TRADING STATEMENT
UK Trading
UK sales (inc. VAT) for the 11-week period to 27th September and the 26-week
half-year period to the same date were:
11 weeks to 27th September 26 weeks to 27th September
% on last year % on last year
Actual Like-for-like Actual Like-for-like
Clothing +0.9% +2.5%
and
Footwear
Home (inc. -1.7% +0.1%
Gifts)
_____ _____
General +0.6% Level +2.3% +1.7%
Food +5.4% +1.6% +6.9% +3.4%
_____ _____
Total +2.6% +0.6% +4.2%* +2.4%
_____ _____
* Excluding VAT, total sales were approximately +4.3%.
Total clothing sales for the quarter were up 0.9%, with sales of clothing at
full price increasing by approximately 3% as we put some 10% less stock than
last year into the Summer sale.
Within Home, progress has been made this quarter in most categories but as
expected furniture sales declined, as we re-position our business in a market
driven increasingly by promotional activity.
The quarterly Food performance benefited from the strong contribution from new
space.
Commenting on the Trading Statement, Roger Holmes, Chief Executive said:
'Clothing performance this quarter has been reasonable. We have delivered a 3%
increase in full price sales and put less stock into the Summer sale. The
continuation of the hot summer weather did not help our clothing performance in
September, but overall we have held market share for the half-year.
'As expected, Home sales have been impacted by the changes we are making to
build stronger foundations for future growth, plans for which include the
opening of the stand-alone Lifestore in early Spring. Food performance remains
strong, with the Simply Food format being well received by our customers. In
Marks & Spencer Money, the new '&more' loyalty card was launched yesterday.'
For further information, please contact:
Media enquiries:
Marks & Spencer Corporate Press Office: 020 7268 1919
Photography:
Photography available from:
www.newscast.co.uk
or
www.marksandspencer.com/mediacentre
Analyst enquiries:
Tony Quinlan 020 7268 4195
Sarah McGlyne 020 7268 1563
This information is provided by RNS
The company news service from the London Stock Exchange
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