September 28, 2023


We Do Shopping Right

M&S clothing sales hammered by lockdowns over Christmas

Marks & Spencer on Friday reported another big fall in clothing and homewares sales in its Christmas quarter, as the Covid-19 pandemic hit demand and restrictions to stem the spread of the virus closed stores.

Marks & Spencer (M&S), one of the best known names in British retail, said revenue in its clothing and home division slumped 25.1 per cent in the 13 weeks to December 26th, its fiscal third quarter, having fallen 21.3 per cent in the previous quarter.

“Near term trading remains very challenging but we are continuing to accelerate change under our Never the Same Again programme to ensure the business emerges from the pandemic in very different shape,” said chief executive Steve Rowe.