M&S looks to new format for Home growth
New look sees footfall double as roll out continues.
Marks & Spencer is seeing footfall to its Home departments double where it has introduced the 'Cheshire Oaks' format. First introduced in August, it is now in 11 stores and the chain says more than half its Home space will be converted to the new look by Christmas. No detail was given on how successful the chain has been at converting the increased customer numbers to sales other than performance had been 'encouraging'.
The chain focused on its improved second quarter performance as pre-tax profits dropped 9.7% to £290m for the half to the end of September.
UK non-food sales rose by 0.1% in the quarter, compared with a 5.1% drop in the first quarter, with a half-year decline of 4.3%.