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January 10, 2024 at 11:17 PM PST. Listen. 1:04. Marks & Spencer Group Plc reported strong holiday sales growth as shoppers splashed out on premium Christmas food and gifts. Comparable sales rose.
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284.00 GBp About Us Home About Us M&S is a leading British retailer bringing quality, great value food, clothing and homeware to millions of customers around the world Food Our food is known for its quality, freshness and innovation credentials Find out more Clothing & Home Contemporary, wearable style at great value Discover more International
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Forecast-beating profits, a long-overdue comeback for womenswear, bumper staff payouts and even record sales of Christmas creams, whatever those are. Marks & Spencer is this year's undisputed.
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Tesco and Marks & Spencer have both posted strong Christmas grocery growth ahead of the wider grocery market. M&S posted the strongest festive grocery growth amongst the full assortment supermarkets, with food sales up 10.5% in the 13 weeks to 30 December to £2.33bn, representing like for like growth of 9.9%. Tesco's UK and Ireland sales.
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Bracknell Marks and Spencer opens Berkshire Live
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Marks & Spencer has posted a sales rise across its food, clothing and home categories over the Christmas period. M&S saw UK like-for-like sales grow by 8.1% in the 13 weeks to December 30. In the 13 weeks to December 30, the retailer saw its UK like-for-like sales grow by 8.1% and it was the top-performing grocer in volume growth terms.
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Clothing & Home sales increased 4.8%, with LFL sales also up 4.8% driven by growth in average selling price, partly a result of reduced promotions year-on-year.
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M&S edged closer to Waitrose as it took a 3.4% share of the grocery market in the 12 weeks to 2 December according to research firm NielsenIQ (NIQ), up from 3.3% a year before. The upmarket chain.
Marks & Spencer shares surge as food sales soar amid weak retail data
Daniel Woolfson 11 January 2024 • 6:00am. Marks & Spencer is on course to overtake Waitrose as the middle-class supermarket of choice after a surge in Christmas sales, analysts have predicted.