Britain's M&S raises profit outlook after strong trading

(Reuters) -British retailer Marks & Spencer raised its profit outlook on Tuesday, saying demand in stores had helped it to win new customers for its clothing, home and food businesses, sending its shares up sharply. The 139-year old group, whose shares have risen 66% so far this year, said it now expected profit growth in its full 2023-24 year, having previously forecast a small decline. Like other major British retailers, M&S has benefited from robust consumer spending despite a cost of living crisis that has entered its second year, driven by 14 consecutive interest rate rises designed to tackle stubbornly high inflation.
(Reuters) -British retailer Marks & Spencer raised its profit outlook on Tuesday, saying demand in stores had helped it to win new customers for its clothing

United Kingdom (UK) Accessories Market Analysis, Trends, Consumer Preferences and Forecast to 2027

Fashion retailer - Latest fashion retailer , Information & Updates - Retail -ET Retail

Britain's Tesco raises profit outlook -October 04, 2023 at 03:04 am EDT

Good underlying profit growth for M&S despite non-food sales decrease

Demand for holidaywear and food lifts M&S profit expectations, Marks & Spencer

M&S raises turnaround hopes with profit beat & upgrade

Columbus Police Seeking Suspects in Commercial Burglary

Outlook for UK retail & consumer 2022

Concerns rise over M&S trade as it sheds market share

Re-shaping M&S' strategy pays off, Article

Page 26

Marks spencer - Latest marks spencer , Information & Updates - Retail -ET Retail

M&S turnaround gains traction as first half profit smashes forecasts

Marks & Spencer Lifts Forecast in Sign of Recovery; Shares Surge - Bloomberg