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Cool start to summer casts cloud over M&S clothing sales

7 July 2015 - Janet Bird

Cool start to summer casts cloud over M&S clothing sales

The cool wet weather that marked the start of British summertime cast a cloud over Marks and Spencer's clothing sales, it has been revealed.

Three monthly figures posted this week show like for like sales in the chain's key 'general merchandise' (GM) division, which includes clothing, dropped by around 0.4 percent.

While the fall in sales mirrors the experience of other clothing chains, it still marks a setback for Marks and Spencer's turnaround plans.

Stockholders are unlikely to be too worried, however, as just two months ago, the retailer was able to announce that annual profits had increased for the first time in four years, and the latest quarterly figures show that while clothes sales are down, like for like food sales have actually grown by 0.3 percent. Online sales are also on the up, rising an impressive 38.7 percent during the quarter after a revamp of the website last year.


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