Friday, 12 April 2013

M&S strong food sales offset poor clothing sales

The Wealth Advisory
Marks and Spencer sales rose slightly in the first three months of 2013, as good trading from its food business offset a fall in clothing sales.
Like-for-like UK sales were 0.6% higher in the quarter, helped by a 4% increase in food sales.
General merchandise sales, including clothing, fell 3.8%, the seventh quarter in a row they have fallen.

Despite inflation Russians are still buying new cars

Sberbank’s hypothetical Russian middle-class family metric – the ‘Ivanovs’- shows the average Russian family is concerned about high inflation, though that is still barely denting some peoples’ aspirations of getting behind the steering wheel of a new car.