M&S reveals record food sales and 40% surge in clothing purchases as retailers report bumper festive period
Marks & Spencer and Tesco enjoyed a strong Christmas trading period, partly as the rapid spread of Omicron prompted people to eat and drink more at home instead of heading out to restaurants and pubs.
M&S, which is recovering from years in the doldrums, booked its highest ever sales of food and a surge in clothing. Food sales jumped 10% in the three months to 1 January, making it the fastest growing food retailer in the UK.
Marks & Spencer, Retail industry, Business, Annual results, UK news, Food & drink industry, Tesco, Supermarkets UK news | The Guardian