New M&S Simply Food stores performing 'above expectations'

  • Print
  • Share
  • Comment
  • Save

Mark and Spencer has announced a 4.5% increase in first quarter food sales and a 0.1% dip in like for likes, with new Simply Food stores performing “ahead of expectations”.

Total UK revenue increased by 2.6% while like-for-like sales fell by 0.5% in the 13 weeks ending 1 July 2017.

M&S chief executive Steve Rowe said: “Trading in the first quarter was in line with our expectations and we are on track with delivery of the plan we announced last year.

“In our Food business, we delivered strong growth from new Simply Food openings, and are prioritising better ranging and stronger promotions.”

In May the group said it planned to open 250 new Simply Food stores by 2019/20.

Have your say

These comments have not been moderated.

You are encouraged to participate with comments that are relevant to our news stories. You should not post comments that are abusive, threatening, defamatory, misleading or invasive of privacy. For the full terms and conditions for commenting see clause 7 of our Terms and Conditions ‘Participating in Online Communities’. These terms may be updated from time to time, so please read them before posting a comment.

Any comment that violates these terms may be removed in its entirety as we do not edit comments.

If you wish to complain about a comment please use the “report this comment” facility or email groceremails@wrbm.com

Mandatory
Mandatory
Mandatory
Mandatory

Related images

  • Simply Food
  • Print
  • Share
  • Comment
  • Save
Sign in

Newsletter Sign-up

I wish to receive the following newsletters:

FOLLOW US