M&S had some good news Wednesday as it reported more customers, higher e-sales and improved Clothing & Home margins. But all other figures were poor as it spent heavily to force through the change it desperately needs.
The government of Uttar Pradesh has given Patanjali permission to sell its products through cooperative societies in the region which will greatly increase the brand’s rural distribution reach in the area.
M&S has added experienced non-exec directors to its board as it prepares to deliver its latest results, with more store closures expected and potential demotion from the FTSE100 if its share price falls further.
Burberry seems to be on track with its transformation plan with sales and profits not suffering as it enters a period of fast change. But tough comparisons and regional variations also had an impact on its latest year.
The New York-based cosmetics group reported its financial results for the first quarter 2018 on Thursday, recording widening losses due to falling sales, particularly in North America and its fragrance segment.
Europe’s biggest online fashion retailer said the launch of beauty products in Germany had made a promising start and its active customer numbers jumped in the first quarter but a late start to spring hit profitability.
Indian consumer goods major Marico net profit rose 7 percent to Rs 183 crore (approx $ 27.5 million) with total income of Rs 1503 crore (approx $ 225.6 million) for the fourth quarter ended on March 31, 2018.