This is not just growth; this is M&S growth
M&S chairman Sir Stuart Rose
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By Darren Estwick. |  |
Wednesday, 30, Sep 2009 10:54
By Sarah Garrod.
Marks and Spencer have said group sales were up by 2.7 per cent in the three months to September.
Total UK sales were up 1.9 per cent over the period continuing the improving trend seen over the last three quarters.
UK like-for-like were down 0.5 per cent, but were buoyed by online sales which were up 30 per cent. Clothing sales were up 2.7 per cent and international sales were up 9.6 per cent.
Commenting on the figures, M&S chairman Sir Stuart Rose said: "We are pleased to report continuing improvement in our performance. This demonstrates that the actions we are taking are working.
"Whilst there is more visibility in the marketplace and consumers appear more confident, we continue to be cautious about the outlook. We expect 2010 to be a tough year and we will continue to run the business accordingly.
"As we approach our key Christmas trading period, we are recruiting an additional 20,000 seasonal employees to help us deliver a great Christmas to our customers."
Marks and Spencer estimate their capital expenditure for the year to be around £400 million.