Marks Spencer sees food sales grow as clothing arm starts to recover M which has buy burberry bags online stores in Norwich, King's Lynn, Lowestoft and Great Yarmouth, said like for like sales fell 1.
2% in its clothing and home division over the 13 weeks to July 1, against a 5.9% tumble in the previous three months. Its food halls also saw a better quarter, with same store food sales 0.1% lower. Chief executive Steve Rowe also said efforts to cut back on promotions as part of his overhaul plan helped full price clothing and home sales jump 7% higher in its first quarter. The group cheap burberry coats sale started its summer sale on Tuesday this week, with "significantly" less stock to discount. Mr Rowe said: "Trading in the first quarter was in line with our expectations and we are on track with delivery of the plan burberry outlet las vegas we announced last year. "I am pleased that we continue to grow full price sales in clothing home, with reduced discounting and no clearance sale in the quarter." Mr Rowe said the mood among shoppers on the high street was "volatile". He said consumers are "very much shopping for now and cautious with their spend". The group has struggled to halt falling sales in its clothing and home division, but Mr Rowe said the absence of a clearance sale in the first quarter knocked around 2% off like for like figures. M also axed 27 promotions in the quarter. Mr Rowe said he hopes clothing and home sales will begin to turn positive towards the end of the year. The group's food sales were lower than expected and remained in the red despite surging inflation, which M said was running at around 2% in its first quarter. Part of the fall came as it opened Simply Food stores near existing shops, which impacted some sales, while the group also cut back on promotions. Total like for like sales across all departments were 0.5% lower, while it saw online sales rise 5.8% at M Overseas sales were 4% lower with currency changes stripped out as it shut 28 of 53 stores under a plan to pull out of 10 international markets to refocus on its core UK business. Please log in to leave a comment and share your views with other Norwich Evening News visitors.
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