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Surprise clothing sales growth expected at M&S

Marks & Spencer could report an increase in clothing sales over Christmas later this week, analysts have predicted.

Sales across its clothing and home business are thought to have crept up by 0.2%.

Shore Capital’s Clive Black is predicting that clothing sales could have grown by up to 0.5%.

Growth in the ailing division would be a welcome boost for M&S chief executive Steve Rowe, whose turnaround strategy is yet to bear financial fruit. 

In November, Rowe announced plans to close 30 UK stores and convert 45 more into food-only shops. M&S is also withdrawing from some international markets.

M&S will publish its Christmas trading update on Thursday 12 January.

 

Readers' comments (2)

  • If the sales growth is "expected", how can it be a "surprise"?

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  • Causation = BHS closures. False dawn if this is deemed a turning point.

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