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 Post subject: Marks and Spencer set to reveal boost in fashion sales buoyed by heatwave and late Easter
PostPosted: Tue Jan 09, 2018 3:05 pm 

Joined: Tue Jan 09, 2018 3:04 pm
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jersey china wholesale Marks and Spencer set to reveal boost in fashion sales buoyed by heatwave and late EasterBurbbery also releases its first quarter results this week, ahead of new CEO Marco Gobetti's first appearance at the fashion house's AGM16:00, 9 JUL 2017The green wall on M Northumberland Street (Image: handout)
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Marks and Spencer is set to reveal an improvement in its under pressure clothing arm this week after the recent heatwave and late Easter helped it narrow recent sales falls.
The retail bellwether reported a sobering set of annual results in May showing clothing and home sales plunged back into reverse in its fourth quarter, tumbling by 5.9%.
nba wholesale basketball jerseys custom Experts are expecting the clothing and home sales fall to pare back to around 1.3% in the group's first quarter, which will include Easter this year and comes up against weaker trading from a year earlier.
Food sales, which tumbled by 2.1% in the previous quarter, will rebound by 0.6% thanks to warmer weather and rising inflation, according to analysts.
But with rivals such as Debenhams sounding the alarm over the squeeze from Brexit fuelled inflation, the path to sales recovery is not expected to be smooth for M Analyst forecasts also range widely, with conflicting reports from high street players in recent days.
Jefferies experts believe comparable clothing and sales may have fallen by 1.5% against a declining market.
North East businesses overwhelming want EU trading deals to remain unchanged
china mlb pro shop But Numis analyst Andrew Wade predicts Tuesday's update will show clothing and home sales rising by 1.5% in a "solid looking" first quarter.
Wholesale Jerseys Despite pencilling in a better quarter for M Mr Wade cautioned the bounce back may only be short lived.
"While the combination of soft comps and calendar effects should result in a solid looking first quarter result, we retain our negative stance, believing that M clothing and home division will prove more difficult and costly to turn around than expected," he said.
M posted a 64% plunge in annual profits to in May, admitting its overhaul had "come with a cost".
As well as the Easter timing, its cheap panther jerseys move to axe promotions in favour of everyday low prices hit sales
But chief executive Steve Rowe said the group has stabilised its market share in clothing since the start of 2017, while action to cut clearance promotions has helped full price sales surge by 11% in the second half of its financial year.
(Image: Cheap Jerseys China PA)
Meanwhile, luxury retailer Burberry will release its first quarter results on Wednesday, before Marco Gobbetti makes his first appearance as chief executive at the company's annual general meeting on Thursday.
Mr Gobbetti took the wholesale jerseys post on July 5, having served as executive chairman since January when it was revealed that he would be replacing Christopher Bailey as chief executive this summer.
Graham Spooner, an investment research analyst at The Share Centre said investors will "look forward with interest in the style and tone of comments" from the new boss, as the company pushes ahead with a turnaround plan meant to deliver at least million in cost savings by 2019.

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