M&S sparks sales slump fears

Marks & Spencer has ignited fears over its sales performance after bringing forward the date of its next trading statement by a month.

M&S will release second-quarter figures on 2 October ahead of half-year results on 4 November. The retailer scrapped the practice of releasing quarterly results in 2006.
The economic conditions are boosting M&S’s rivals. Earlier this week Market research group Nielsen said sales at Iceland had increased by 14.8 per cent in the four weeks to 9 August while TNS Worldpanel showed sales at Lidl had grown by 8.4 per cent and at Aldi by 13.6 per cent.

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