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M&S clothing sales hammered by lockdowns in Christmas quarter

Fri, 08th Jan 2021 07:10

LONDON, Jan 8 (Reuters) - Britain's Marks & Spencer
on Friday reported another big fall in clothing and homewares
sales in its Christmas quarter, hurt by the COVID-19 pandemic
hitting demand and restrictions to stem the virus closing
stores.

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

Food sales were up 2.2%, having increased 1.6% in the second
quarter.
(Reporting by James Davey; Editing by Kate Holton)

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