Marks & Spencer and Next herald high-street recovery

LONDON - M&S posted an unexpected rise in profits yesterday, showing signs that high-street retailers are beginning to see signs of recovery.

M&S
M&S

It announced profits of £298.3m for the six months to 26 September, with general merchandise sales up 1.7% and food sales rising by 1.8%.

The results are significantly better than earlier in the year, when the retailer announced a 40% drop in full-year profits to £604.4m.

Meanwhile, Next said that its improved womenswear range helped it to boost sales last month. Sales in the quarter to 31 October increased by 3.1%.

The boost in confidence has also led retailers to consider expansion. Apple is planning to open a store in Covent Garden, while pub chain JD Wetherspoon intends to push forward its expansion strategy by opening 40 new premises in this financial year.

 

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1 Job description: Digital marketing executive

Digital marketing executives oversee the online marketing strategy for their organisation. They plan and execute digital (including email) marketing campaigns and design, maintain and supply content for the organisation's website(s).

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