Marks & Spencer’s sales surged 5.6% compared with the third quarter of 2023, which includes the vital Christmas trading period. The retailer saw £4.06 billion in sales for the three months to December 28, just under two-thirds of which came from its food division, which saw its biggest ever trading day during the period..
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00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.
00:05Here's an update from one of the biggest names in UK business.
00:09Marks & Spencer's sales increased by 5.6% compared with the third quarter of 2023,
00:16which includes the vital Christmas trading period.
00:19The retailer saw £4.06 billion in sales for three months to December 28th,
00:26just under two thirds of which came from its food division,
00:29which saw its biggest ever trading day during the period.
00:33M&S food sales grew by 8.7% year on year,
00:37compared with just 1% sales growth across its clothing, home and beauty departments.
00:43Chief Executive Stuart Machen has led a turnaround in the business since joining in 2022.
00:48It's included spending money on larger food stores to provide a boost for its most profitable line.
00:54My name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.