M&S group sales were up 1.3% in the 13 weeks to 2nd July. However, Clothing & Home sales were down 8.3%, with LFL sales down 8.9% in "a weak market".
Steve Rowe, chief executive, comments: “A key part of our recovery plan for Clothing & Home is lowering prices and reducing promotions. As a result, we ran fewer price promotions while continuing to lower prices to deliver real value to our customers, and moved the summer sale to July. We knew our actions would reduce total sales but we are seeing some encouraging early signs.
“As highlighted in May, consumer confidence weakened in the run-up to the EU referendum. While it is too early to quantify the implications of Brexit, we are confident that our strategic priorities and the actions we are taking remain the right ones to deliver results for our customers and our business.”
