Marks & Spencer clothing slump

Leaked Marks & Spencer results 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%.

M&S reveal bigger than expected slump over Christmas

Bigger than expected sales slump for Mars and Spencer Credit: Tim Ireland/PA Wire

Marks and Spencer have revealed a bigger than expected sales slump in clothes over Christmas.

It comes just a day after high street retailer Jessops announced 2,000 jobs are at risk after going into administration.

In contrast, retail giants John Lewis and Next reported strong sales growth over the Christmas period.

The M&S group said that it was cautious about the year ahead, with continued pressure on consumers' disposable incomes.

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M&S boss: Clothing results 'not satisfactory'

Marc Bolland, Marks & Spencer chief executive, said the company's clothing results were "not yet satisfactory":

Our Food business has performed very well with record sales over the key Christmas trading period.

Our General Merchandise performance is not yet satisfactory but we are confident that the steps being taken by the new management team will address this.

Our plan is to transform Marks & Spencer from a traditional UK retailer to an international multi-channel retailer. We are making good progress against this plan.

Marks & Spencer like for like Christmas sales down 1.8%

Marks & Spencer has reported a 1.8% drop in like for like UK sales, despite record food sales over Christmas.

Like for like sales, which excludes new store openings, for the 13 weeks leading up to December 29 were as follows:

  • UK sales: fell by 1.8%
  • Food: rose by 0.3%
  • General Merchandise: fell by 3.8%

Total UK sales, which includes new store openings, for the 13 weeks leading up to December 29 were:

  • UK sales: rose by 0.3%
  • Food: rose by 2.7%
  • General Merchandise: fell by 2.2%