M&S hit by Covid-19 and Brexit

Food and fashion retailer Marks & Spencer has seen its sales fall by 7.6% inthe last three months, despite having a ‘robust’ Christmas.

The store’s fooddivision grew by 2.6%, but clothing and home sales dropped 24.1%.

Online saleswere strong, including a new tie-up with Ocado to offer grocery deliveries forthe first time, and shoppers were keen on buying sleepwear and leisurewear asthey stayed indoors.

The national lockdown in England hit particularly hard,with both food and non-food sales down 4.5% and 40.5% respectively.