Marks & Spencers aims to develp internationally
MD
Marks & Spencer has for announced that its sales and earnings are higher than last year.
Its profit rose 6% to 824.9 million pounds and sales rose 4.2% to 9.7 billion pounds. Net profit of 780.6 million was up compared to 702.7 million last year. To continue growth Marks & Spencer is testing new formats from October and continues to expand in selected markets.
After its return to France, the retailer plans to expand in China and India. In India, Marks & Spencer will open ten additional stores. In China, 6 new stores will be added to the 3 outlets already open in Shanghai. Marks & Spencer also has plans to enter the U.S. within 3 years.