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M&S Set To Report Bleak Christmas, Supermarkets Face Slowdown

Published on Jan 5 2019 10:30 AM in Retail tagged: Sainsburys / Aldi / Tesco / Morrisons / Asda / Marks & Spencer / Paywall

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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