Format roll-out boosts M&S home
The roll-out of its latest homewares format had provided a bright spark for Marks & Spencer, achieving a double digit sales increase.
Since it was introduced at the Cheshire Oaks branch in August 2012, the format has been introduced at a further 54 stores. Today the chain revealed that home sales at these stores were 10% higher than non-refreshed stores.
The increase was not enough to stop like-for-like general merchandise sales dropping by 1.5% in the 26 weeks to 28 September.
Helped by strong food sales, UK sales grew by 3.1% to £4.33bn, with like-for-like sales 0.7% higher. UK operating profits dropped by 9.7% to £269.6m.