Marks and Spencer’s strong online sales growth of 50.8% for clothing and home has been supported by a substantial expansion in instore fulfilment, the company said in its Christmas trading statement this week.
The company said that trading over the Christmas period had been strong. Food sales increased 12.4%, with M&S products also performing strongly on Ocado.com, representing around 30% of baskets in December, the company said.
Its clothing and home sales increased 3.2%, driven largely by the online sales growth. International sales increased 5.1%, with online sales more than doubling and strong growth driven through online marketplaces and franchise shipments to the Middle East.
M&S disposed of two warehouses for a total cash consideration of £42.5m during the period.Image credits:
- Marks and Spencer