Marks & Spencer unveils disappointing quarterly sales figures

Steve Rowe is the chief executive of M&S

Steve Rowe, chief executive, M&S
Like-for-like graph

Marks & Spencer has noted a drop of more than 4 per cent in British sales for the 13 weeks to July 2.

“A key part of our recovery plan for clothing and home is lowering prices and reducing promotions. We ran fewer price promotions while continuing to lower prices ... and moved the summer ...