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Marks & Spencer Q3 Sales Down, Food Sales Rise; Says UK Wide Lockdown To Hurt Store Sales

(1) LONDON (dpa-AFX) - Retailer Marks & Spencer Group Plc (MAKSY.PK, MAKSF.PK, MKS.L) Friday reported that its third-quarter group sales declined 8.4 percent from last year to 2.77 billion pounds. In its Christmas trading update, for the 13 weeks to December 26, total UK sales were 2.53 billion pounds, down 8.2 percent on a reported basis and down 7.6 percent on a like-for-like basis. Food sales were 1.74 billion pounds, up 2.2 percent on a reported basis and up 2.6 percent on LFL basis. On a c...
United Kingdom City Of Steve Rowe Retailer Marks Spencer Group Plc Spencer Group Plc Simply Food

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M&S reports robust Christmas trading | Talking Retail

M&S has reported a 2.6% increase in like-for-like food sales in the 13-weeks to 26 December. The retailer called the performance strong, given the reduced food-to-go sales and lower footfall in town and city centres. In addition, M&S said that its partnership with Ocado had produced "very strong" results and consumers had responded to its "innovative seasonal product" during the festive period. Steve Rowe, chief executive, said: "Given the on-off restrictions and...
Richard Lim Steve Rowe Ocado Retail Same Again Retail Economics ரிச்சர்ட் லிம்

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