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current news

Marks & Spencer Revenue Up 4.2%


(Filed Under Financial and General Interest News). U.K. retail chain Marks & Spencer reported a revenue increase of 4.2 percent, from £9.3 billion to £9.7 billion (approximately $15,218,880,875 to $15,877,621,182), for the fiscal year ending in April 2011.

The company’s international revenue rose 6.1 percent from the previous year to £1 billion (approximately $1,637,272,051), while growth in the U.K. alone rose 4 percent to £8.7 billion (approximately $14,241,393,634).

Growth was noted in all apparel sectors, with stronger sales noted in premium ranges including dresses, cashmere knitwear and lingerie. Twenty-five percent of new product lingerie sales came from Marks & Spencer’s exclusive Nearly Naked lingerie line, which features nude bras and matching briefs available in four shades to match a range of skin tones.

Marks & Spencer has over 600 stores in the U.K. and an additional 300 stores in 40 countries worldwide.


more Financial and General Interest News >>

Published 06-09-2011 by Katherine Rautenberg

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