Q2 same store sales fell 5.3% at Marks & Spencer, the U.K.'s largest clothes retailer, with...

|By:, SA News Editor

Q2 same store sales fell 5.3% at Marks & Spencer, the U.K.'s largest clothes retailer, with food sales down 4.5%.  Its chairman said that "consumer confidence levels have deteriorated markedly", and increased competition led to "a significantly weaker performance". The stock fell 22% in London.