Company Earnings UpdateMarks & Spencer (LSE: MKS) 3Q19 Update: A Weak Quarter for Food and Clothing Alike Coresight Research January 11, 2019 Executive Summary Marks & Spencer (M&S) reported another weak quarter, with comparable sales down 2.4% in Clothing and Home and down 2.1% in Food. Management attributed the declines in Clothing and Home partly to lower footfall. Planned reductions in inventory levels resulted in a 25% reduction in the volume of stock going into the December sale. Management attributed the decline in Food to price investment and a transition to from promotions to lower prices. Nevertheless, comp growth in Food was still ahead of analyst expectations. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Retail Crime and Shrink: Lawmakers Step Up Enforcement; Retailers Double Down on Technology DeploymentsThree Data Points We’re Watching This Week, Week 24: Consumer Sentiment Improves: US vs. ChinaConsumer Sentiment Unpacked—Higher-Income, Younger Consumers Are Most Optimistic: US Consumer Survey Insights Extra6.18 Shopping Festival Helps Lift Consumer Sentiment After Recent Lows: China Consumer Survey Insights
