M&S’s Golden Quarter was “solid”, the retail giant said on Thursday with the 13 weeks to 27 December seeing a record number of people shopping at the stores and online.
M&S
The period is the third quarter of the firm’s financial year and total sales were £4.993 billion. That was a big year-on-year leap due to the inclusion of the food-focused Ocado Retail operation this time. But excluding this, sales rose 3.3% to £4.15 billion.
Unfortunately, in Fashion, Home & Beauty specifically, sales of £1.73 billion were down 2.5% in total and 2.9% like-for-like. However, International sales rose 0.9% to £158 million.
The company said the Fashion, Home & Beauty performance came as online sales growth was offset by a store sales decline. This reflected reduced high street footfall, “and the long tail impact on stock data and management following the [cyberattack] earlier in the year. Stock into Sale during December was higher than last year but sell-through rates have been strong”.
It added that in total UK fashion, it “regained market share leadership in the period and now holds the number one position for customer perceptions of style, quality and value. New season product is resonating with customers and new stores such as Bristol Cabot Circus are exceeding expectations, demonstrating the benefits of the store rotation strategy”.
As for the International numbers, the company said the small uplift came as “new wholesale agreements, online growth and Food franchise offset Fashion, Home & Beauty shipment phasing and India performance”.
CEO Stuart Machin said: “Millions more trusted M&S to deliver the family Christmas. Food sales were strong and the business continues to outperform, hitting a new market share milestone in the period.
“Fashion, Home & Beauty is getting back on track as we work through the tail end of recovery. Sales overall were slightly down but online performance continued to improve as digital sales recovered. We planned a bigger Sale this year, with strong sell-through already making way for our new-season lines.
“We enter this new calendar year full of ambition and laser focused on our plan to reshape M&S for further growth. In Fashion, our new season ranges are resonating well with customers as we double down on value, quality and style.”
Thirty-seven days and counting: Elizabeth Scarlett, lifestyle and accessories brand has Valentine’s Day firmly in its sights, announcing a creative partnership with Dalloway Terrace, London’s dining destination at The Bloomsbury.
Elizabeth Scarlett
Bringing together two British brands “united by a shared love of beauty and storytelling”, the collaboration will see Dalloway Terrace transformed into an immersive space “celebrating love, nature and artistry”. It’s a trend we’re seeing more and more often with brands linking up with complementary destinations in a way that benefits both partners.
Inspired by Elizabeth Scarlett’s signature wildflower motifs – the terrace will feature a specially commissioned floral installation, “drawing guests into the brand’s romantic, nature-led world”.
At the heart of the partnership is a limited-edition Afternoon Tea, specially created to celebrate the partnership with a special menu (pastries and sweets inspired by the brand’s signature storytelling).
To mark the event, every guest who books a space on the day will receive a complimentary limited-edition Elizabeth Scarlett love heart stripe pouch (RRP £38), created for the collaboration. Some of the proceeds will also be donated to wildlife conservation.
Elizabeth Petrides, founder of Elizabeth Scarlett said: “We wanted to create a moment where guests can slow down, look closer, and feel immersed in the natural world – even in the heart of the city. From the wildflowers that surround you to the wildlife artwork at the core of our brand, it honours the magic that happens when artistry and nature meet.”
The CGT labour union at LVMH‘s champagne units called for new strike action next Thursday, as it seeks to pressure management to compensate workers for lost bonuses.
The LVMH business includes fashion and refreshments – DR
CGT labour representatives from the Moet&Chandon and Veuve Clicquot champagne houses said in a video addressed to workers on Friday that they should drop their tasks for “at least three hours.” The union launched protests last month against a cut in annual bonuses and other benefits at the world’s largest luxury group, even as it keeps The group hasn’t yet publicly commented on the labour dispute. LVMH’s Moet Hennessy alcohol division had no immediate comment when contacted by Reuters on Friday.
Management at the unit had offered to pay a one-off 1,000 euros ($1,162.20) payment to workers after it said it would not pay usual annual bonuses amid a decline in sales, said the CGT, an offer “not at the height of our expectations.”
“It is really important to continue to put pressure on the company,” a CGT official said in the video message, adding that further talks are planned for Wednesday. So far, no strike action has been announced at LVMH’s other drinks businesses, including the Hennessy cognac brand.
Luxury retailer Saks Global is planning to file for Chapter 11 bankruptcy as soon as Sunday, Bloomberg News reported on Friday, citing people familiar with the matter.
Shoppers walk outside the Saks Fifth Avenue flagship store in Manhattan in New York City, U.S., January 6, 2026 – REUTERS/Angelina Katsanis
The owner of New York’s century-old Fifth Avenue flagship store is preparing to file for bankruptcy without a restructuring deal in place, though it aims to craft one in the coming weeks, according to the report.
The company is also in advanced discussions on about $1.25 billion debtor-in-possession financing package with creditors, which would allow it to keep its business running during bankruptcy and pay vendor dues, the report added.
Saks Global did not immediately respond to a Reuters request for comment.