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%.

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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%

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