.Marks and Spencer food sales offset clothing weakness
Marks and Spencer sales rose slightly in the first three months of 2013, as good trading from its food business offset a fall in clothing sales.
Like-for-like UK sales were 0.6% higher in the quarter, helped by a 4% increase in food sales.
Clothing, where the company still has an 11% share of UK womenswear, has been the weak spot for M&S in recent years, despite a raft of initiatives
Full story here:
http://www.bbc.co.uk/news/business-22104228
So...let me get this right...
M&S food sales are up as we all pile in twice a week for our Fuller Longer ready meals...and their clothing sales are down as we all wait until we reach our ideal weight before replacing our old clothes.
Who knew we were so powerful!!