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Marks & Spencer like-for-like sales fall 0.5 per cent

Marks & Spencer has posted a 0.5% fall in like-for-like sales in the 13 weeks to 26 September.

CITY & CORPORATE

Marks & Spencer like-for-like sales fall 0.5 per cent

Marks & Spencer has posted a 0.5% fall in like-for-like sales in the 13 weeks to 26 September.

Total sales were up by 2.7 per cent from the same period the previous year, clothing sales up 2.7 per cent, home product sales up 1.8 per cent and food sales rose by 1.7 per cent. Online sales were up by 30 per cent and international sales rose 9.6 per cent.

Sir Stuart Rose, Chairman said: 'We are pleased to report continuing improvement in our performance. This demonstrates that the actions we are taking are working.'Whilst there is more visibility in the marketplace and consumers appear more confident, we continue to be cautious about the outlook. We expect 2010 to be a tough year and we will continue to run the business accordingly.'As we approach our key Christmas trading period, we are recruiting an additional 20,000 seasonal employees to help us deliver a great Christmas to our customers.'

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