Marks & Spencer has insisted it is seeing “encouraging early signs” despite further falls in clothing and food sales over its Christmas quarter.
The retail bellwether said like-for-like clothing and home sales dropped -2.4% over the 13 weeks to December 29 while comparable food sales fell -2.1%.
Total clothing and home sales fell by -4.8% as it was knocked by a raft of store closures under its overhaul.
The group said while unusually warm weather and falling consumer confidence made for a “very challenging” November, overall trading in its third quarter was “steady with some early encouraging signs”.
Press Association.
Full story at The Industry Fashion.
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