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Marks & Spencer and Tesco disappoint

Christmas trading at M&S and Tesco was below par and John Lewis noted margins were under pressure. But BooHoo.com doubled sales and raised its guidance, as the new economy won again.

Garry White

in Features


Shares in Marks & Spencer fell by almost 6% after its festive update showed a slide in sales at its clothing and food arms. For the last few years, sales of food have been strong and have made up for its weak general merchandise arm. However, its food operations now appear to be stuttering too.

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