Martha Department Store'S Total Sales Increased By 6.5% In The Second Quarter.

2010/10/8 13:55:00 88

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Marks And Spencers

Beijing time October 7th evening news, Britain

Apparel Retailing

Martha said Thursday that total sales increased by 6.5% in the second quarter of October 2nd.

In addition, the comparable sales of the company's core business increased by 5.3% in the quarter.

Marks & Spencer

The company said that from the sales volume, the company is

Britain

The largest retailer in apparel retailing.

In addition, Martha department store's market share increased by 0.7% to 10.3% this quarter. In terms of food business, Martha's market share increased from 3.6% to 3.7% this quarter.

Marc Bolland, a new chief executive of Martha stores, said: "the company performed well in the second quarter of this year, but I will remain cautious about the market situation in the coming months."

Seymour Pierce analyst George (Freddie George) said: "Martha department store's strong sales growth in the second quarter basically compensated for the increase in costs."

Martha department store said that with the increase of VAT rate and the reduction of public expenditure, the disposable income of consumers will face greater pressure, and the market situation in the future will become more challenging.

Due to the increase in marketing expenditure, it is estimated that the operating cost growth rate of the company in the current fiscal year will exceed 4% of the previous forecast of 5%.