M&S Christmas food sales soar but clothing suffers from cyber-attack fallout
Poor festive fashion sales deepen fears of squeeze on UK household budgets and falling high street footfall Business news – live updates Marks & Spencer revealed strong sales of food over the important Christmas trading period but clothing sales fell back as it continues to battle the after-effects of last year’s crippling cyber-attack. The company said its clothing, homeware and beauty business was also affected by “fragile consumer confidence and milder weather”. Continue reading...
Poor festive fashion sales deepen fears of squeeze on UK household budgets and falling high street footfall
Marks & Spencer revealed strong sales of food over the important Christmas trading period but clothing sales fell back as it continues to battle the after-effects of last year’s crippling cyber-attack.
Stuart Machin, the chief executive of the high street stalwart, said its clothing, homeware and beauty business was also affected by “fragile consumer confidence and milder weather”.
Continue reading...