Trading Statement

Marks & Spencer Group PLC 07 October 2003 Issued: Tuesday 7 October 2003 MARKS & SPENCER QUARTER 2 TRADING STATEMENT UK Trading UK sales (inc. VAT) for the 11-week period to 27th September and the 26-week half-year period to the same date were: 11 weeks to 27th September 26 weeks to 27th September % on last year % on last year Actual Like-for-like Actual Like-for-like Clothing +0.9% +2.5% and Footwear Home (inc. -1.7% +0.1% Gifts) _____ _____ General +0.6% Level +2.3% +1.7% Food +5.4% +1.6% +6.9% +3.4% _____ _____ Total +2.6% +0.6% +4.2%* +2.4% _____ _____ * Excluding VAT, total sales were approximately +4.3%. Total clothing sales for the quarter were up 0.9%, with sales of clothing at full price increasing by approximately 3% as we put some 10% less stock than last year into the Summer sale. Within Home, progress has been made this quarter in most categories but as expected furniture sales declined, as we re-position our business in a market driven increasingly by promotional activity. The quarterly Food performance benefited from the strong contribution from new space. Commenting on the Trading Statement, Roger Holmes, Chief Executive said: 'Clothing performance this quarter has been reasonable. We have delivered a 3% increase in full price sales and put less stock into the Summer sale. The continuation of the hot summer weather did not help our clothing performance in September, but overall we have held market share for the half-year. 'As expected, Home sales have been impacted by the changes we are making to build stronger foundations for future growth, plans for which include the opening of the stand-alone Lifestore in early Spring. Food performance remains strong, with the Simply Food format being well received by our customers. In Marks & Spencer Money, the new '&more' loyalty card was launched yesterday.' For further information, please contact: Media enquiries: Marks & Spencer Corporate Press Office: 020 7268 1919 Photography: Photography available from: www.newscast.co.uk or www.marksandspencer.com/mediacentre Analyst enquiries: Tony Quinlan 020 7268 4195 Sarah McGlyne 020 7268 1563 This information is provided by RNS The company news service from the London Stock Exchange
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