There are expectations that Marks & Spencer will be publishing a hug fall in trading in the present week when it will be making a revelation that the sales of like-for-like non-food have also fallen down by 7 per cent.
After this down fall, this fall that has come is going to be the weakest of all the quarterly sales that the retailer has been facing till the year 2005. in that year Sir Philip Green, who was the owner of Top Shop was making an attempt to take over the company and they were fighting this out. In the 2005, the figures of clothing as well as home sales have also gone down by 9.2 per cent.
The fresh figures that have come out are going to increase the pressure on Marc Bolland,who is presently working as the chief executive of M&S, from the past two years. He has done quite a lot in order to make the condition better but it can be seen that he is still struggling so that the reduction that has come in the shares of women's wear can be made better.
To add more to his concernd, M&S that once one of the most valuable retailer in the list of London stock market now has been over taken by Next, in size, just 10 days ago as far as the terms of market capitalization is concerned. M&S had started business in the penny bazaar almost 10 years ago, and in the last week,it came to an end with market capitalization worth 5.29 billion pounds. One can very well put into comparison with the value of M&S which itself is 5.1 billion pounds.
In particular, M&S has been hit badly by terrible weather which has been prevailing from the recent months. The first quarter trading, on which they are going to report, covers the months of April, May as well as June. April and June had been the wettest month on record which had been a discouragement to the footfall as well as people making purchase of summer clothes. Apply now at 200 loan @ http://www.200loans.org.uk/ and get funds to settle all your debts instantly.
According to the analysts, M&S is very much going to get affected as a major portion of its money comes from the sales of women clothing only. And in the section of women's wear,as per the sources if the industry, they have been a fall of 19 per cent in the starting 7 months of the financial year.
After this down fall, this fall that has come is going to be the weakest of all the quarterly sales that the retailer has been facing till the year 2005. in that year Sir Philip Green, who was the owner of Top Shop was making an attempt to take over the company and they were fighting this out. In the 2005, the figures of clothing as well as home sales have also gone down by 9.2 per cent.
The fresh figures that have come out are going to increase the pressure on Marc Bolland,who is presently working as the chief executive of M&S, from the past two years. He has done quite a lot in order to make the condition better but it can be seen that he is still struggling so that the reduction that has come in the shares of women's wear can be made better.
To add more to his concernd, M&S that once one of the most valuable retailer in the list of London stock market now has been over taken by Next, in size, just 10 days ago as far as the terms of market capitalization is concerned. M&S had started business in the penny bazaar almost 10 years ago, and in the last week,it came to an end with market capitalization worth 5.29 billion pounds. One can very well put into comparison with the value of M&S which itself is 5.1 billion pounds.
In particular, M&S has been hit badly by terrible weather which has been prevailing from the recent months. The first quarter trading, on which they are going to report, covers the months of April, May as well as June. April and June had been the wettest month on record which had been a discouragement to the footfall as well as people making purchase of summer clothes. Apply now at 200 loan @ http://www.200loans.org.uk/ and get funds to settle all your debts instantly.
According to the analysts, M&S is very much going to get affected as a major portion of its money comes from the sales of women clothing only. And in the section of women's wear,as per the sources if the industry, they have been a fall of 19 per cent in the starting 7 months of the financial year.
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