M&S’s clothing and food sales fall in Christmas quarter

Britain’s Marks & Spencer suffered another quarter of falling underlying sales in both clothing and food, underscoring its long and uncertain road to recovery.

The 135-year-old mainstay of Britain’s shopping streets said on Thursday same-store clothing and homewares sales fell 2.4 percent in the 13 weeks to Dec. 29, its fiscal third quarter. That compared with analysts’ mean forecast for a fall of 1.6 percent and a second quarter drop of 1.6 percent.

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