Unsurprisingly, M&S ‘s recent revival has experienced a setback after reports of a decline in it’s non-food department.

The decline is 0.4{06aeb1921e0b802d2bd9c766bc98fb11cc6a46c2b0593ed9c88a0e29cf417a34} in the 13 weeks to 27 June, a period that the business has described as “challenging”.

That compares with growth of 0.7{06aeb1921e0b802d2bd9c766bc98fb11cc6a46c2b0593ed9c88a0e29cf417a34} in the previous quarter, which had been M&S’s best performance for nearly four years.

Like-for-like sales of food rose 0.3{06aeb1921e0b802d2bd9c766bc98fb11cc6a46c2b0593ed9c88a0e29cf417a34}.

Online sales at the company increased 38.7{06aeb1921e0b802d2bd9c766bc98fb11cc6a46c2b0593ed9c88a0e29cf417a34} from a year earlier, after a sharp fall in online sales at the beginning of last year immediately after the site was re-launched.

The drop in general merchandise sales was better than the 1{06aeb1921e0b802d2bd9c766bc98fb11cc6a46c2b0593ed9c88a0e29cf417a34} slide forecast by analysts, but has dented hopes that the growth reported in the previous three months would continue.


Source:  BBC Business News


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