13 January 2022
The Weekly
England

Marks & Spencer’s efforts to tighten operations, curtail discounting and sell third-party clothing brands paid off in the fiscal third quarter, with group revenue rising 18.5% year-over-year to £3.27bn. Compared with the corresponding period two years ago, revenues were up 8.6%. The retailer’s once-embattled clothing and home division benefitted from fewer promotions, and a greater online offer. Revenue in the 13 weeks to Jan. 1, encompassing the holiday trading period, was 37.7% higher than the corresponding period last year, and 3.2% above 2019 levels. Marks & Spencer has also been making an effort to expand its offer to third-party brands on its ever-expanding fashion and beauty platform online. Food sales increased 12.4%, with retail parks and the smaller, Simply Food stand-alone stores continuing to outperform.

You are currently offline. Some pages or content may fail to load.

We have cached all the pages you navigated to, including the Homepage, Contact page and Events. You can visit those while offline.