«Breaking News» Marks & Spencer reports a 2.1 per cent drop in food sales over the Christmas period

Marks & Spencer has reported a 2.4 per cent fall in like-for-like clothing and home sales over its Christmas quarter to December 29, while food sales dropped 2.1 per cent.

Like-for-like sales at Debenhams were down 3.4 per cent over the Christmas period. The retailer saw gross transactions fall 3.8 per cent in the six weeks to January 5.

Comparable sales in the UK were 3.6 per cent lower than last year due to weak store footfall.

Marks & Spencer has reported a 2.4 per cent fall in like-for-like clothing and home sales over its Christmas quarter to December 29, while food sales dropped 2.1 per cent

Over the 18 weeks to January 5, UK sales dropped 6.2 per cent and international sales were down 3.5 per cent, but digital sales were 4.6 per cent higher in the same period.

Chief executive Sergio Bucher said it was the 'best possible outcome' in an uncertain time.

He said: 'We responded to a significant increase in promotional activity in the market, particularly in key seasonal categories, in order to remain competitive for our customers.

'We have taken decisive steps to maintain rigorous cost and capital discipline, and I am grateful to my colleagues for their hard work as we maintain a rapid pace of change.'

Tesco has reported a 2.2 per cent rise in UK like-for-like sales over the festive period as the supermarket unveiled Christmas trading figures. 

Tesco has reported a 2.2 per cent rise in UK like-for-like sales over the festive period as the supermarket unveiled Christmas trading figures

Tesco said that it outperformed the market in all key categories - food, clothing and general merchandise.

For the third quarter as a whole, Tesco recorded comparable UK sales growth of 0.7 per cent.

Chief executive Dave Lewis said: 'As a team we have achieved a lot in the last 19 weeks. 

'In the UK we delivered significant improvements in our competitive offer and this is reflected in a very strong Christmas performance which was ahead of the market.

'In central Europe, the reshaping of our business continues and we are confident of the outcome we envisaged. 

'In Asia, negotiations with suppliers are concluding satisfactorily and we can see this in our simpler, clearer, more impactful offer for customers.

Like-for-like sales at Debenhams were down 3.4 per cent over the Christmas period

'We have more to do everywhere but remain bang on track to deliver our plans for the year and as we enter our centenary we are in a strong position.'

It comes as a leading index found retailers suffered the worst Christmas since 2008 and the financial crisis, as even frantic discounting failed to lure shoppers in December. 

Sales growth flatlined last month, showing 0 per cent growth year-on-year, according to the closely followed British Retail Consortium-KPMG retail sales monitor. 

Last Christmas, the index registered total sales growth of 1.4 per cent year-on-year, but retailers were unable to keep up that pace this time around, even with heavy price cuts. 

On a same-store basis, UK retail sales slipped 0.7 per cent, compared with a 0.6 per cent uplift in December 2017.

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https://hienalouca.com/2019/01/10/marks-spencer-reports-a-2-1-per-cent-drop-in-food-sales-over-the-christmas-period/
Main photo article Marks & Spencer has reported a 2.4 per cent fall in like-for-like clothing and home sales over its Christmas quarter to December 29, while food sales dropped 2.1 per cent.
Like-for-like sales at Debenhams were down 3.4 per cent over the Christmas period. The retailer saw gross transactions...

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