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%.
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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