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M&S loses more market share

Marks & Spencer has lost more ground to its competitors in the last half-year, Kantar Worldpanel figures published today have revealed.

The high street giant has seen market share slip 55 basis points for the 24 weeks to November 25, compared with the same period in 2011, and 37 basis points for the 24 weeks to December 23.

The retailer saw year-on-year sales drop 2% and 0.5% over the same periods.

However its closest rivals have grown both market share and sales in that time. Next saw its market share edge up 1bp in the 24 weeks to November 25 and 3bp in the 24 weeks to December 23, with sales up 2.9% and 3%.

Debenhams climbed 4bp over both periods, on the back of 3.6% sales growth.

Primark stole the largest chunk of market share, rising 63bp, with sales up 17.9% for the 24 weeks to December 23.

The clothing market grew 2.7%, with sales in general stores up 0.5%, department stores up 2.6%, online sales up 16% and supermarkets up 6.8%.

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