LONDON (dpa-AFX) - Retailer Marks & Spencer Group Plc (MAKSY.PK, MAKSF.PK, MKS.L) reported Wednesday that its 53-week fiscal 2021 loss before tax was 209.4 million pounds, compared to profit of
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LONDON (dpa-AFX) - Retailer Marks & Spencer Group Plc (MAKSY.PK, MAKSF.PK, MKS.L) Friday reported that its third-quarter group sales declined 8.4 percent from last year to 2.77 billion pounds.
In its Christmas trading update, for the 13 weeks to December 26, total UK sales were 2.53 billion pounds, down 8.2 percent on a reported basis and down 7.6 percent on a like-for-like basis.
Food sales were 1.74 billion pounds, up 2.2 percent on a reported basis and up 2.6 percent on LFL basis. On a comparative basis this performance was even stronger given reduced food-on-the-move sales and lower footfall in town and city centres.
During the four-week lead up to Christmas, LFL sales ex-hospitality and franchise grew 8.7 percent with large retail park and Simply Food stores significantly outperforming.