12/8/2023 0 Comments Commerce casino 5000 poker chips![]() ![]() M&S said investments in its supply chain, which have enabled it to source popular clothing styles more quickly, had led to an increase in volumes sold, plus an improvement in its profitability. The results showed that after more than a decade of failed turnaround efforts, M&S was finally reaping the rewards of an expensive investment programme to improve the quality and value of its clothing and food, upgrade its technology and e-commerce operations, and radically overhaul its store estate. M&S's bias towards older, more affluent, customers is giving it some protection from the rising cost of living. He said M&S's Christmas food-to-order service had seen orders up 25% on last year, sales of party food were up by "double digits" and sales of women's partywear were up 50%, with one black sequin dress already selling 5,000 units in one week. Machin said M&S had traded well through October and shoppers were already snapping up its Christmas ranges. I think we're in very good shape," M&S CEO Stuart Machin told reporters, adding to optimistic comments on the festive season made by UK rivals Tesco, Sainsbury's, Next and Primark which contrasted with downbeat recent macro data. Its shares have more than doubled over the last year.
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