BREAKING NEWS

Marks & Spencer cautious on sales

Marks & Spencer cautious on sales
Euronews logo
Text size Aa Aa

Britain’s biggest clothing retailer Marks & Spencer has said it is cautious about the consumer outlook despite posting a third consecutive rise in underlying quarterly sales.

Sales at UK stores open at least a year rose 3.6 percent in the 13 weeks up to the start of July.

M&S, which also sells food and housewares, is viewed as a good indicator of the state of British retailing.

Britain’s retailers are concerned that higher taxes, including a rise in VAT sales tax, and public spending cuts aimed at slashing record government borrowing will hit consumer spending in the months ahead.

Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.