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Friday 1 August 2014

Video: Marks & Spencer suffers bigger-than-expected clothing sales slump over Christmas

Published 09/01/2013|20:57

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MARKS & Spencer tonight revealed a bigger-than-expected slump in clothing sales over Christmas.

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Non-food sales at the retail bellwether were down 3.8%, in the 13 weeks to December 29, pushing overall like-for-like UK sales down 1.8%.



The group, which has drafted in the former Debenhams and Jaeger boss Belinda Earl to revitalise its womenswear, said it had been a "challenging and highly promotional" general merchandise market.



The figures, which had been due for release tomorrow morning, were worse-than-expected, with most analysts predicting a 1.5% like-for-like decline in general merchandise sales.



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