FTSE 100: M&S sales up 10% after 'record breaking' festive boost – Yahoo Finance UK

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Marks and Spencer noticed a festive enhance to its gross sales with Christmas buying and selling reaching its highest ever recorded market share.
Third-quarter meals gross sales at M&S (MKS.L) rose by 6.3% in comparison with a 5% rise at its bigger rivals, and the retailer generated its largest ever Christmas gross sales of over £80m on 23 December.
The retailer's buying and selling report launched on Thursday said that whole gross sales had been up 10.2%, reflecting extra meals retailer openings.
Chief govt Stuart Machin stated the retailer outperformed the market in meals in each quantity and worth through the four-week Christmas interval for the second 12 months operating.
He stated: "M&S Meals outperformed the market on quantity and worth within the important four-week Christmas interval for the second 12 months operating and reached its highest ever recorded market share."
The third quarter report said that the retailer maintained market management in clothes and residential with its highest share in seven years with click on and gather orders at bodily M&S shops rising by 20% on the earlier quarter.
Marks and Spencer's cellular app noticed a considerable progress in month-to-month lively customers, now at 5 million downloads.
The chief govt of M&S added: “M&S sustained buying and selling momentum via the height quarter and each meals and clothes & residence have delivered sturdy progress.
"Clothes and residential delivered one other excellent efficiency, sustaining its market management place with its highest market share in seven years.
He added: "Extra prospects shopped with M&S over the Christmas interval than lately.
"This efficiency throughout each our companies offers confidence in delivering our full-year outcomes.”
Worldwide M&S retailer gross sales elevated 12.5% with sturdy retail gross sales progress in key markets within the Center East and India.
Watch: Black Friday: Individuals queue outdoors Marks & Spencer on London's Oxford Road
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