M&S Set To Report Bleak Christmas, Supermarkets Face Slowdown
Britain's Marks & Spencer is expected to report another fall in underlying sales in both clothing and food in its Christmas quarter, while the major grocers are forecast to show a slowdown in growth as the discounters march on.
For M&S, analysts are forecasting a 2.5 % drop in like-for-like food sales, partly reflecting management's moves to make the business more competitive by cutting prices. M&S will update on Thursday.
Analysts are also forecasting a fall of 1.6% in like-for-like clothing and homeware sales for its third quarter to 28 December, mirroring the previous quarter's decline.
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