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Marks & Spencer beat forecasts in all segments

Staff Writer | January 13, 2017
Marks & Spencer beat forecasts for Christmas trading with its first quarterly increase in clothing and homeware sales in nearly two years.
Marks & Spencer
Retail   Increase in clothing and homeware
Clothing sales beat market expectations of a slender rise of 0.2 percent, while food sales also beat forecasts. Food was up 0.6 percent, against predictions of a slight fall.

M&S's numbers were helped by five days of the busy post-Christmas sale falling into the quarter, which had a positive effect of about 1.5 percent on clothing and 0.3 percent on food.

CEO Rowe said that M&S, one of the best known names on the British high street, had a good Christmas but he was "absolutely clear there is a lot more to do".