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M&S food sales boost
Marks
and Spencer has reported a profit rise before tax and exceptional items, up
19.6% at £308.2m, from £257.8m.
M&S,
which saw sales fall by 5.4% in the first quarter but rise by 1.3% in the
second quarter, warned the trading environment remained
"difficult".
Food
sales were particularly strong, with a rise of 5.6% to the half-year ending
October 1, or up 1.6% on a like-for-like basis.
Sales
were boosted by the opening of six Simply Food stores and the launch of 140
lines in its Cook range. It has also made recipe changes to 450 products and
extended its Eat Well campaign.
The retailer is also reported to be planning a new food development unit to
expand its operations in that area.
Overall,
UK
sales were down by 0.2%, but international sales rose 8.6% to £348.5m.
M&S
also announced the appointment of Steven Sharp to the board as executive
director for marketing, e-commerce, store design and development.
The
firm said it is to accelerate its store modernisation programme next year,
as part of its continuing recovery push, with Mr Sharp set to play a major
role in that.
Two
additional non-executive directors - Lady Patten and Jeremy Darroch - are
also to join in February 2006.
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