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M&S Beats City Forecasts
Highstreet stalwart Marks & Spencer has reported its best trading results since 2007, with sales falling just 1.4% in its first quarter, beating city forecasts of a 1.8% - 3.5% decline.
Last month’s 125th anniversary celebrations, including the well-publicised penny bazaars, lured hoards of shoppers through the doors and the return of the hot weather has also helped boost spending.
Executive chairman Sir Stuart Rose said; “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."
Sir Stuart is likely to come under further pressure next week at the Marks & Spencer annual general meeting over his conflicting positions as chairman and chief executive of the company.
Sample Entry
Asda Stores Ltd
|
Asda House, Great Wilson Street, Southbank, Leeds, United Kingdom |
|
| Telephone: |
0113 2419 833 |
| Fax: | 0113 241 8666 |
| Website: | www.asda.co.uk |
| Product/Activity: |
Internet, Multiple Retailer, Out of Town |
| No. of Branches: | 350 |
| Branch Region: | Nationwide |
| Number of Staff: | 1001+ |
| Turnover: | 100M + |
| Chief Executive |
Mr Andy Bond (Chief Executive) |
| Managing Director |
Mr Mike Logue (Managing Director, Non-Food Format) |
| Managing Director |
Mr Anthony Thompson (Managing Director of George) |
| Finance |
Ms Judith McKenna (Finance Officer) |
| Also Including 20 staff and 3 other buyers | |
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Statistics
85% of retailers in the UK employ less than 10 members of staff
