So if you’re leisure reading resides in the financial world of shares, wealth and money, then perhaps Marks ans Spencer is less than cool right now. The Telegarph reports on their latest Christmas sales as below:
Marks & Spencer has suffered its third Christmas of declining clothing sales, increasing the scrutiny on the high street bellwether and its chief executive Marc Bolland.
The figures were released alongside disappointing Christmas trading from Tesco and Morrisons.
Tesco, the world’s third biggest retailer, said UK Christmas sales fell 2.4pc like-for-like and in an unscheduled update, Morrisons warned full-year profits will be toward the bottom of expectations after like-for-like sales dropped 5.6pc.
Shares in M&S, Tesco and Morrisons fell 1.1pc, 3.5pc and 6.8pc respectively as the market opened on Thursday. However, Marks shares rose on relief that there was no profits warning.
Mr Bolland said M&S had been hit by a “highly promotional market” and “exceptionally unseasonal” weather in October, which left fashion retailers with unsold winter coats and jumpers.
The decline in sales is disappointing for M&S given that the retailer overhauled its womenswear range for autumn and winter and ran a high profile “Leading Ladies” campaign.
However, here at Beastie Folly we are finding the shopping experience offered by Marks and Spencer to be really rather pleasing and a recent hunt for an every day suit was made very enjoyable with Marks and Spencer. They have regular fit, slim fit and tailored fit suits and in big and tall, regular or shorter fittings. This meant I was able to choose a suit I liked, in the fit that suited me best and with the correct lengths on the jacket and trousers. This can be challenging in most shops when you are not a “stock” size so to speak. Marks and Spencer make me a stock size! This is all backed up by a very good online shopping experience which allows me to order some items that are not stocked in the shops, such as shirts with a shorter sleeve. The result is that I get a made to measure suit “off the peg”. And its all endorsed by Britain’s own groovy gentleman of fashion, David Gandy.