M&S reports 3.3% sales increase but clothing division continues to struggle

Marks and Spencer has reported a 3.3% year-on-year increase in first quarter group sales but is seeing growth continually held back by an underperforming clothing division.

M&S reports 3.3% sales increase but clothing division continues to struggle

The British retail giant’s sales for the three months to the end of June, on a constant currency basis, were largely driven by a strong performance from its food division.

In the group’s core UK division, total sales were up 2.7% on the corresponding period last year. Food sales were up by 4.5% and general merchandise rose by 0.5%.

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