M&S shares fall on disappointing sales figures
The retailer said sales in the 11 weeks to March 29 rose by just 1% on a like-for-like basis. Clothing sales were particularly weak, down 0.3%, despite the launch of new ranges and the much-hyped David Beckham children's collection. Strong food sales growth offset the weakness, but the company's share price took a pounding, down 4% on the day to 281p.
The company did not strip out separate sales figures for its Irish shops, but said its international businesses saw sales rise by just 1%.
