Perceptant

Marks and Spencer has attributed “continuing improvement in performance” to better stock control, sourcing and supply chain management.

The retail giant’s second quarter trading statement reported that it is continuing to manage costs tightly, although “better than planned volumes” are expected to lead to an increase in full year operating costs of 0 per cent to one per cent, excluding bonus. Capital expenditure for this year is still expected to be around £400m.

Sir Stuart Rose, chairman said: “We are pleased to report continuing improvement in our performance. This demonstrates that the actions we are taking are working.

“Whilst there is more visibility in the marketplace and consumers appear more confident, we continue to be cautious about the outlook. We expect 2010 to be a tough year and we will continue to run the business accordingly.”

Clothing sales were up 2.7 per cent. In Food, keener pricing, better availability and new product lines have better like-for-like performance for the fourth consecutive quarter.

“As we approach our key Christmas trading period, we are recruiting an additional 20,000 seasonal employees to help us deliver a great Christmas to our customers,” Rose added.
Marks and Spencer Group plc will report its half year results for the 26 weeks to 26 September 2009 on 4 November 2009

Tags: global supply chain, http://www.perceptant.com, marks and spencer, supply chain integration, Supply Chain Management, supply chain management software

This entry was posted on Friday, October 9th, 2009 at 12:38 pm and is filed under B2B e-commerce, Supply Chain Consulting, Supply Chain Software, supply chain integration. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.