Insight Report 4 minutes PremiumMarks & 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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: US and UK Retail Bankruptcies Latest, November 2023: Filings from Z Gallerie, Wiggle and OthersInnovator Profile: IN BOLD PRINT. Drives Sustainability in Retail Through Carbon TrackingUS Apparel and Beauty Spending Tracker, October 2023: Clothing and Footwear Spending Up Low Single-Digits; Beauty Spending Growth Remains ResilientE-Commerce Outlook: European Apparel and Footwear—Poised for Growth in 2023 and Beyond
