Headlines

M&S Reports Strong Holiday Sales

Total group sales increased 2.3 percent

Published

14 years ago

January 6, 2010

VMSD Staff

Marks & Spencer (London) announced same-store sales of general merchandise, which includes clothing, rose by 1.2 percent in the 13 weeks ended December 26. According to the retailer, sales of knitwear, sleepwear and footwear were “particularly strong” during the holiday sales period, as the retailer’s total clothing sales rose 4 percent.

When adding food with general merchandise, same-store sales improved 0.8 percent for the month. “We had a good Christmas, continuing the improvements seen throughout 2009,” says executive chairman Sir Stuart Rose.

Still, Rose says he remain cautious about 2010. “We expect trading conditions over the coming year to remain challenging as a result of continuing economic uncertainty,” he says. “We believe, however, that customers will continue to seek out real value and quality.”

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