Thursday 24 April 2014

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

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

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.

Press Association

Also in this Section




Meet, chat and connect with
singles in your area


Meet Singles Now



Now available on

Top Stories

Most Read

Independent Gallery

Your photos

Send us your weather photos promo

Celebrity News