Investec Forecasts M&S Profit Jump Amid Fastest-Growing Grocer Status
What happened
Marks & Spencer was named Britain’s fastest-growing grocer. Kate Calvert, head of retail and consumer research at Investec, forecast that M&S’s pre-tax profits would reach £397 million, more than double the previous year’s £184 million. The company also announced plans for its Christmas advertising campaign, which may feature Gillian Anderson.
From dailymail.com
Why it matters
The forecasts suggest strong consumer demand, with Calvert expecting a 12.5 per cent increase in food sales to £252 million and a 20 per cent jump in food, home, and beauty sales to £197 million. This growth comes as M&S prepares for its half-year results.
From dailymail.com
Who's involved
- InvestecProvided retail research forecasts for Marks & Spencer.
- Gillian AndersonIs slated to front Marks & Spencer’s Christmas advertising campaign.
- M&SWas named Britain’s fastest-growing grocer and is preparing for Christmas campaigns.
- Jodie KiddAttended a Marks & Spencer fashion event.
- Joan CollinsAttended a Marks & Spencer fashion event.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- M&SSpeculative
M&S could see increased revenue and sales volume across its food, home, and beauty categories.
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The entities involved
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Investec
international specialist banking and asset management group
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Joan Collins
English actress, author and columnist
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Gillian Anderson
American actress (born 1968)
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