Clothing & Home sales rise at M&S during Christmas

National high street retailer Marks and Spencer has reported a strong Christmas trading period.

According to its latest update for the 13 weeks ended 30 December 2023, total group sales rose 7.2% to £3.8bn.

This was driven by food sales, up 10.5% to £2.3bn, with clothing and home revenues rising 4.8% to £1.2bn.

With its clothing and home category, M&S said that uptick was driven by growth in average selling price, partly a result of reduced promotions year-on-year.

“Store sales increased 2%, with new full line stores performing ahead of plan. Online sales grew 10.9%, with improved carrier service levels compared with last year and strong demand for click and collect,” the retailer added.

“Full price sales mix improved and stock into sale reduced 6% year-on-year. With a deeper initial cut in line with our objective of a shorter clearance sale, sell through rates have been encouraging.”

Stuart Machin, Chief Executive, commented on the division too, stating: “In Clothing & Home, we delivered a good performance with sales growing ahead of the market and less stock going into sale. Womenswear has been the standout, growing volume and value significantly ahead of the market.”

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