M&S sales hit by Christmas weatherThursday, 13 January 2011
M&S estimated that the weather wiped out about £30 from its general merchandise business which includes clothing and homewares.
Mr Bolland said the inclusion of five days of M&S’s post Christmas sale, compared with no sale period last year, largely offset the impact of the lost general merchandise sales.
M&S said group sales rose 4 per cent in the 13 weeks to January 1, with UK sales also up 4 per cent.
The closely watched measure of sales from UK stores open at least a year rose 2.8 per cent. UK like-for-like general merchandise sales rose 3.8 per cent. Excluding the benefit of the sale period, the increase was 0.8 per cent – weaker than expected. UK like-for-like food sales rose 1.8 per cent.