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FT Opening Quote – M&S sales fall, Tesco’s festive rise

Summary:
Marks and Spencer’s latest innovations in clothing and food show it is still trying to be all things to all people, writes Matthew Vincent. This week, it launched an eclectic plus-size women’s fashion range called ‘Curve’, while at the same time proposing customers lunched on an ascetic vegetarian dish, called ‘Cauliflower Steaks’ (yes, basically two slices of the low-calorie vegetable in a lemon drizzle, costing £2.50).This morning’s third quarter trading update suggests M&S needs the curvature to sell more than the cauliflower. Clothing and home like-for-like sales fell for another quarter – by 2.8 per cent. This was a lot worse than the second quarter’s -0.1 per cent, significantly worse than the first quarter’s -1.2 per cent, and even worse than Deutsche Bank estimates of -2.0 per

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Marks and Spencer’s latest innovations in clothing and food show it is still...

Chris Nuttall
Award-winning journalist with more than 35 years' experience in newspapers, magazines, radio, TV and the internet at local, national and international levels. At the BBC for 17 years and has spent the past 15 with the Financial Times. Served as a foreign correspondent in Sri Lanka, Washington and Turkey as well as in a roving role for the BBC. Turned a late 1980s geeky interest into a professional focus on the internet and technology and was founding World Editor of the BBC News website and the BBC 's first Internet Correspondent.

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