{"id":28137,"date":"2024-05-23T16:40:17","date_gmt":"2024-05-23T14:40:17","guid":{"rendered":"https:\/\/altaviawatch.com\/?p=28137"},"modified":"2024-05-23T16:40:17","modified_gmt":"2024-05-23T14:40:17","slug":"marks-spencer-posts-best-financial-results-since-1997","status":"publish","type":"post","link":"https:\/\/altaviawatch.com\/en\/retail-today\/retail-updates\/marks-spencer-posts-best-financial-results-since-1997\/","title":{"rendered":"Marks & Spencer posts best financial results since 1997."},"content":{"rendered":"

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\n \n \"Marks <\/a>\n <\/div>\n<\/div>[vc_empty_space height=”54px”][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]\n\n\tM<\/span>arks & Spencer has reported its best financial performance since 1997. The company saw a significant rise in sales by 9.4%, reaching \u00a313 billion (\u20ac15 billion) last year. Pre-tax profits soared by an impressive 41.4% to \u00a3672.5 million (\u20ac790 million).<\/span><\/p>\n

This remarkable turnaround was largely driven by the food and clothing sectors, with food sales up by 13% and clothing by 5.3%. Notably, menswear, denim, and lingerie were top performers, with the chain selling 114 items of underwear per minute last year.<\/span><\/p>\n

CEO Stuart Machin highlighted the success of their strategic changes, including opening more food stores and closing less profitable outlets: \u201cWe have wind in our sails, confidence that our plan is working\u2026 and there\u2019s so much more opportunity ahead of us\u201d.<\/span><\/p>\n

Marks & Spencer aims to reestablish itself as a comprehensive shopping destination, not just for special occasions.<\/span>[\/vc_column_text][vc_empty_space height=”57px”][\/vc_column][\/vc_row][vc_row content_text_aligment=”center”][vc_column parallax=”content-moving” parallax_image=”5672″]

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\n\t\t\t\t.newsletter\t\t\t<\/h2>\n\t\t\t\t\t<\/div>\n<\/div>[vc_column_text]Get the latest news on the retail sector!<\/span>[\/vc_column_text][vc_empty_space][vc_btn title=”Subscribe” style=”outline-custom” outline_custom_color=”#ffffff” outline_custom_hover_background=”#666666″ outline_custom_hover_text=”#ffffff” shape=”square” class=”c-link” href=”http:\/\/2fforms.sbc32.com\/” target=”_blank” rel=”noopener noreferrer” data-stringify-link=”http:\/\/2Fforms.sbc32.com” link=”url:https%3A%2F%2Fforms.sbc30.net%2F65046ef85fef6a5fa6e7a5c0%2FYjOyn8WLT_a35h7axR0zhQ%2Fform.html|target:_blank”][vc_empty_space height=”12px”][\/vc_column][\/vc_row]<\/p>\n<\/section>","protected":false},"excerpt":{"rendered":"

The company saw a significant rise in sales by 9.4%, reaching \u00a313 billion (\u20ac15 billion) last year.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[579,156],"tags":[],"acf":[],"yoast_head":"\nMarks & Spencer posts best financial results since 1997. - Altavia Watch<\/title>\n<meta name=\"description\" content=\"The company saw a significant rise in sales by 9.4%, reaching \u00a313 billion (\u20ac15 billion) last year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/altaviawatch.com\/en\/retail-today\/retail-updates\/marks-spencer-posts-best-financial-results-since-1997\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marks & Spencer posts best financial results since 1997. - 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