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Success at Last for Marks and Spencer

Marks and SpencerThere are plenty of Binary Options available on retailers, and whilst is can be a rather risky business placing trades on some of the larger and more well known retailers the rewards for doing so can be quite large, as long as you are of course on the right side of the trade.

One company who has unfortunately seen their share price falling quite alarmingly over the last few years is Marks and Spencer, and many Honest Binary Options brokers have given this company a wide berth for it has been seen as a company that was in a steady decline.

However, it does appear that after many years of trying to turn the company’s fortunes around, the powers that be at Marks and Spencer have finally managed to hit the right note with shoppers for a 10% share price increase has just been experienced and this is due to some very promising results in the first five months of this year which has seen a 1.3% rise in women’s wear being reported.

With sales in the £4.9billion region for six months up until September the 27th Marks and Spencer are certainly not small fish in a big pond, they have a solid infrastructure in place however it has been their choice of clothing that they chose to sell that has not been as popular in recent years as they would have hoped with shoppers.

Whilst it remains to be seen whether they are finally turning the corner after many years of trying there are certainly going to be lots of price movement in their shares in the coming months, and with Christmas just around the corner this will prove to be a very critical time for them as if they fail to meet their targets or exceed them over the Christmas shopping period any gains in sales made in the early part of the year could be wiped out.

Should you be in the frame of mind to place a few retail orientated Binary Option trades in the coming weeks then it may just pay to concentrate your efforts of some of the larger and more well known retailers as with a successful trading period over the pre Christmas shopping period the share prices of those companies are likely to grow and that could result in you making a fast and fair sized gains on your trades.