M&S relies on food sales for growth as clothing struggles
date:Apr 12, 2013
n largest MS shareholders said.

Last month was the coldest March in Britain since 1962, hurting demand for summer clothes and shoes, according to an industry survey published on Tuesday.

We held our full price stance for most of the (fourth) quarter but trading conditions became difficult in March and the market became more promotional. Therefore we responded with selected tactical offers, said Bolland.

MS's like-for-like food sales rose 4.0 percent, ahead of the overall market, analyst forec
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