Home Business NewsBusiness Marks & Spencer clothing sales fall for ninth quarter in a row

Marks & Spencer clothing sales fall for ninth quarter in a row

by LLB Reporter
5th Nov 13 9:38 am

Poor old Marks & Spencer – its general merchandise sales have fallen again, despite recruiting the likes of Tracey Emin, Karen Elson and gold medal-winner Nicola Adam for a high-profile (and no doubt high-cost) clothing campaign earlier this year.

Non-food sales – that’s clothing and homeware – fell 1.3% in the quarter to 28 September.

That was the ninth consecutive quarterly fall in M&S’s non-food sales.

There was some tasty news for the 129-year-old retailer though, as food sales grew 3.2% in the second quarter.

M&S is also surging ahead internationally. In the first half of this year, international sales grew 8%.

UK like-for-like sales, meanwhile, grew only 0.7%. That was made up of 2.5% food sales growth, counteracted by a non-food sales fall of 1.5% overall during the half-year.

M&S CEO Marc Bolland said: “While consumer confidence appears to be improving, there is little evidence as yet of this translating to increased spending in the retail sector.

“Given continued pressure on disposable incomes, we remain cautious about the outlook for the remainder of the year.

“However, we are well set up for the key Christmas trading period with more innovation and choice than ever before.

“Our overall expectations for the full year remain unchanged.”

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