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mark occomore
Joined: 07 Dec 2006 Posts: 9955 Location: UK
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Posted: Tue Nov 04, 2008 6:36 am Post subject: Clothing Chain Sales Up |
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Clothing chain Primark sales are up by 18% as people are choosing to shop at cheaper prices than the normal Mark & Spencers outlets.
http://news.bbc.co.uk/1/hi/business/7604284.stm
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I do think M&S are struggling with their food outlets? I think they will sell them off in the near future? I don't shop at M&S, but they do have their loyal customers. Primark do sell some fashionable clothing, and I do buy my clothes there. I also find Tesco and Asda a good place to buy clothes.
Where do you all shop for your clothes? |
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SantaFefan
Joined: 07 Dec 2006 Posts: 11258 Location: top of the cliffs in Norfolk
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Posted: Tue Nov 04, 2008 8:33 am Post subject: |
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Wal-Mart _________________ Johnnie Walker read out my message on Pirate Radio! 13/8/07
I have heard how radio should be. |
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gfloyd
Joined: 07 Dec 2006 Posts: 4861 Location: Here, There, Everywhere.
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Posted: Tue Nov 04, 2008 8:42 am Post subject: |
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SantaFefan wrote: | Wal-Mart |
Asda by another name _________________ His name was ernie ........ and he drove the fastest milk cart in the west..... |
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Ian Robinson Site Admin
Joined: 11 Dec 2006 Posts: 3608 Location: Chorley, Lancashire
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Posted: Tue Nov 04, 2008 12:00 pm Post subject: Re: Clothing Chain Sales Up |
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mark occomore wrote: | I do think M&S are struggling with their food outlets? I think they will sell them off in the near future? |
I haven't read the report but I thought that (until today) the food section was the most consistent earner for M&S. And it's taken a dip partly because of getting Piers Morgan to do the TV ads (seriously - sales of steak fell 30% in the period his ads ran). |
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RockitRon
Joined: 07 Dec 2006 Posts: 7646
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Posted: Tue Nov 04, 2008 1:18 pm Post subject: |
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Primark's sales have risen 21% on increased selling space of 13% in the last year. Like-for-like sales were up 4% last year and the trading update says that they are expected to grow by just 2% this year.
The secret of their success is nothing new - pile it high and sell it cheap (so cheap that you don't wear it and wash it - it's more cost and energy efficient to throw it away) and for as long as they can continue to source their products at next-to-nothing cost then I'm sure that credit-crunch-hit customers will continue to buy.
Since Sainsbury's put clothes into our local store my wife and son have found quite a lot to their liking - not quite as cheap but reasonably well made and they wear well.
M & S food sales have probably fallen because I've stopped buying naughty things there _________________ Ron |
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