M&S reports drop in Q3 revenue

Marks and Spencer Group Plc (M&S) for the 13 weeks to December 30, 2017 reported 0.1 percent decline in group revenue to 3,167 million pounds (4,272 million dollars). Total sales in UK however improved 1.1 percent to 2,858 million pounds (3,855 million dollars), while like-for-like sales decreased 1.4 percent in the quarter. The company’s clothing & home sales in the UK were down 2.3 percent to 1,192 million pounds (1,607.8 million dollars), while the segment’s like-for-like sales dropped 2.8 percent.