Unseasonal weather dents Christmas sales at Marks & Spencer

Marks & Spencer has attributed unseasonal weather to a fall in sales across its clothing and home division over the third quarter.

The department, which also covers lingerie and swimwear, witnessed a 2.3% fall in like-for-like sales in the 13 weeks to 30 December, while total group revenue dipped slightly by 0.1% to £3.1bn.

Marks & Spencer said clothing and home revenue grew both in-store and online over the weeks leading up to Christmas as it held back on participating in Black Friday sales in a highly promotional market.

Story continues below
Advertisement

But the impact of an unseasonal October resulted in an overall revenue decline.

“As a result, we carried more stock into the December sale,” said CEO Steve Rowe.

Marks & Spencer recorded a 1.1% uplift in UK revenue, but international sales were down 9.8%, reflected the completion of the planned closure of owned stores in loss-making markets.

Authors

*

Related posts

Top