Insight ReportMarks & Spencer (LSE: MKS) 1H17 Results: Beats Expectations, but Comp Decline Continues Coresight Research November 9, 2016 Executive Summary UK clothing-and-food retailer Marks & Spencer (M&S) reported 1H17 sales up 0.9% in total. The closely watched UK Clothing and Home segment posted 1H comps of (5.9)%, versus (0.9)% for the better-performing Food segment. Clothing and Home reported comps of (2.9)% in 2Q17, a sequential improvement from (8.9)% in 1Q17. Food posted comps of (0.9)% in both 1Q17 and 2Q17. The company announced plans to close all its company-owned stores in 10 overseas markets, reduce its UK full-line store numbers by 60 and rebalance some remaining UK space from Clothing and Home to Food. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Walmart Investment Community Meeting 2025: From Low-Margin Retailer to Diversified, Digital Profit Engine, But Tariffs Create UncertaintyEarnings Insights 4Q24, Week 1: Levi Strauss, P&G, Walgreens and Others Post Sales Growth, While Burberry and Kimberly-Clark Report DeclinesSycamore Partners To Acquire Walgreens Boots Alliance—Exploring the Reasons for and Implications of the $23.7 Billion DealUS Tariffs: Divergence Between Consumer and Business Sentiment and What It Means for Retail
