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M&S's clothing sales to fall again as UK grocers show resilience

Reuters  |  LONDON 

By James DaveyLONDON (Reuters) - Britain's Marks & Spencer is expected to report another fall in comparable clothing sales in its Christmas quarter, though the major grocers are forecast to report solid trading as cash-strapped consumers prioritised spend on food and drink.Christmas trading updates from British retailers so far have been mixed. Clothing chain Next provided some initial cheer, beating expectations and upgrading its profit forecast. But the mood was quickly soured by a profit warning from department store chain Debenhams.With Britons being squeezed by slow wage growth and a ...

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First Published: Mon, January 08 2018. 14:33 IST