M&S sales over the past 12 weeks were 11.9% higher than a year earlier

M&S sales over the past 12 weeks were 11.9% higher than a year earlier

M&S sales over the past 12 weeks were 11.9% higher than a year earlier

Food sales at Marks & Spencer are growing twice as fast as they are at Aldi.

In another sign the middle class favourite has got its mojo back, sales over the past 12 weeks were 11.9 per cent higher than a year earlier.

By contrast, sales were up 6 per cent at Aldi and 10.4 per cent at Lidl. Only Ocado – another staple of Middle England – saw faster growth than M&S with sales up 12.2 per cent.

The figures, from market research group NIQ, underlined the scale of the turnaround at M&S under chairman Archie Norman and chief executive Stuart Machin. 

M&S Shares rose 3.8 per cent, and although they are down 17 per cent from this year’s peak, they are up more than 150 per cent since late 2022.

Dine-in meal deals for Valentine’s Day and offers around Pancake Day and Chinese New Year helped push up sales.

Private equity owned Morrisons and Asda continue to struggle with sales up 3.6 per cent and 2 per cent respectively. Tesco saw growth of 6.8 per cent and Sainsbury’s 8 per cent.

M&S has staged a dramatic comeback in recent months with clothing sales also rebounding.

#fiveDealsWidget .dealItemTitle#mobile {display:none} #fiveDealsWidget {display:block; float:left; clear:both; max-width:636px; margin:0; padding:0; line-height:120%; font-size:12px} #fiveDealsWidget div, #fiveDealsWidget a {margin:0; padding:0; line-height:120%; text-decoration: none; font-family:Arial, Helvetica ,sans-serif} #fiveDealsWidget .widgetTitleBox {display:block; float:left; width:100%; background-color:#af1e1e; } #fiveDealsWidget .widgetTitle {color:#fff; text-transform: uppercase; font-size:18px; font-weight:bold; margin:6px 10px 4px 10px; } #fiveDealsWidget a.dealItem {float:left; display:block; width:124px; margin-right:4px; margin-top:5px; background-color: #e3e3e3; min-height:200px;} #fiveDealsWidget a.dealItem#last {margin-right:0} #fiveDealsWidget .dealItemTitle {display:block; margin:10px 5px; color:#000; font-weight:bold} #fiveDealsWidget .dealItemImage, #fiveDealsWidget .dealItemImage img {float:left; display:block; margin:0; padding:0} #fiveDealsWidget .dealItemImage {border:1px solid #ccc} #fiveDealsWidget .dealItemImage img {width:100%; height:auto} #fiveDealsWidget .dealItemdesc {float:left; display:block; color:#004db3; font-weight:bold; margin:5px;} #fiveDealsWidget .dealItemRate {float:left; display:block; color:#000; margin:5px} #fiveDealsWidget .dealFooter {display:block; float:left; width:100%; margin-top:5px; background-color:#e3e3e3 } #fiveDealsWidget .footerText {font-size:10px; margin:10px 10px 10px 10px;} @media (max-width: 635px) { #fiveDealsWidget a.dealItem {width:19%; margin-right:1%} #fiveDealsWidget a.dealItem#last {width:20%} } @media (max-width: 560px) { #fiveDealsWidget #desktop {display:none;} #fiveDealsWidget #mobile {display:block!important} #fiveDealsWidget a.dealItem {background-color: #fff; height:auto; min-height:auto} #fiveDealsWidget a.dealItem {border-bottom:1px solid #ececec; margin-bottom:5px; padding-bottom:10px} #fiveDealsWidget a.dealItem#last {border-bottom:0px solid #ececec; margin-bottom:5px; padding-bottom:0px} #fiveDealsWidget a.dealItem, #fiveDealsWidget a.dealItem#last {width:100%} #fiveDealsWidget .dealItemContent, #fiveDealsWidget .dealItemImage {float:left; display:inline-block} #fiveDealsWidget .dealItemImage {width:35%; margin-right:1%} #fiveDealsWidget .dealItemContent {width:63%} #fiveDealsWidget .dealItemTitle {margin: 0px 5px 5px; font-size:16px} #fiveDealsWidget .dealItemContent .dealItemdesc, #fiveDealsWidget .dealItemContent .dealItemRate {clear:both} }

This post first appeared on Dailymail.co.uk

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

What lessons can Britain learn from Dubai, asks RUTH SUNDERLAND

Directing: Her Excellency Reem Al-Hashimi The curtain fell on Expo 2020 in…

Martin Lewis urges Brits earning under £220 a week to check if they can qualify for £3,500 a year cash boost

MARTIN Lewis has urged Brits on a low income to check if…

Self-driving cars could be on UK roads by 2026, says transport secretary

Mark Harper says vehicles can improve road safety and personal freedom, as…

Savings rates see largest rise in a decade: These are the best deals

Four in five easy-access savers still keep their cash in accounts paying…