With increases in the UK and ROI regions, retail giant Marks & Spencer Group Plc has said that its 13-week group sales during Christmas trading climbed 5.6 per cent from the previous year to US $ 4.99 billion.
The business stated that it is optimistic about achieving more advancements in the remaining months of the year.
The firm reported in its Christmas financial update that overall sales in the UK and ROI increased 5.9 per cent year over year to U S$ 4.78 billion, with food sales growing 8.7 per cent and clothing, home, and beauty sales rising 1 per cent.
Despite difficult market conditions, like-for-like sales in the UK and ROI region increased by 6.4 per cent, while food sales increased by 8.9 per cent and clothing, home, and beauty sales increased by 1.9 per cent.
Due to an increase in consumers and transactions, M&S maintained a 6.6 per cent volume gain in the UK from the first half into the Christmas selling period.
In the meantime, franchise shipments’ phasing and the ongoing difficult market conditions in India were the primary causes of the 13-week decline in overseas sales, which fell 2.8 per cent from the previous year to US $ 218.66 million.
