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Marks & Spencer

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Surprisingly, Marks & Spencer Group Plc released its data on the quarter ended March showing that the company enjoyed the best quarterly sales in two years. However, the UK-based retailer witnessed a discouraging drop in clothing which was, however, offset by an outstanding jump in food sales.

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On the the 9th of January, retailer Marks & Spencer PLC posted its third quarter results few hours earlier than expected as its data had been leaked by unknown source. Data showed that Marks & Spencer saw a 3.8 percent decrease in non-food sales during the holiday shopping season. The drop in clothing sales was caused by fewer discounts in the period, according to analysts.

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The business of Marks & Spencer deals with clothes, upmarket foods, footwear and home ware as well. As per reports from the firm on Tuesday Kate Bostock, the head of its non food business is going to leave the business and thereby add her name to an elite list which maintains significant departures of top managements this year.

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Fears that strong economic pressures would not let consumers put their money where their mouth is in relation with the buying of fairtrade goods …

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If you’re planning to revamp your wardrobe, now’s the time to do it. Before the effects of the cotton price rise set in that …

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