Setback for British retailer Marks & Spencer turnaround as non-food sales dip

The  firm said sales of general merchandise, clothing, footwear and homewares, at stores open over a year fell 0.4% in the 13 weeks to June 27.

LONDON: British retailer Marks & Spencer said on Tuesday underlying sales in its non-food business slipped in its first quarter, a setback for the group after a return to growth in the previous three months.

The 131-year-old firm said sales of general merchandise, spanning clothing, footwear and homewares, at stores open over a year fell 0.4 per cent in the 13 weeks to June 27.

That compares to analysts forecasts in a range of flat to down 2.5 percent, with a consensus  ..

Read more at:
http://economictimes.indiatimes.com/articleshow/47969775.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Leave a Reply

Your email address will not be published. Required fields are marked *