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6 months ago
Britain's Marks & Spencer beats Christmas forecasts
January 12, 2017 / 7:12 AM / 6 months ago

Britain's Marks & Spencer beats Christmas forecasts

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LONDON, Jan 12 (Reuters) - Marks & Spencer soundly beat forecasts for Christmas trading as it reported its first quarterly rise in underlying clothing and homeware sales in nearly two years, delivering a boost to new boss Steve Rowe.

Clothing & Home like-for-like sales rose 2.3 percent in the 13 Weeks to 31 Dec, beating a market forecast of a rise of 0.2 percent, while food was up 0.6 percent, also ahead of forecasts, it said on Thursday.

Reporting by Paul Sandle; editing by Kate Holton

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