Marks & Spencer, Tesco and Morrisons all have a lousy Christmas

9 January 2014

marks and spencer For those of us who like to mock success, let us laugh at M&S, Tesco and Morrisons, who all had a pretty crappy Christmas... and it is all thanks to you!

It goes without saying that these people are all still wildly wealthy, but M&S saw a tenth successive quarterly drop in clothes and home sales while Tesco and Morrisons saw a respective slump of 2.4% and 5.6% over Yuletide.

These three can't even take solace in the fact that everyone did badly, thanks to the economic situation as their rivals Waitrose, Asda, Aldi and Lidl all had a lovely time over the festive period.

It seems that M&S' desperate bid to get people through the doors with sales, deals and the pre-Christmas 'Mega Day' sale, failed to win anyone over and served only to hit profits. Tesco noted that Christmas was 'very difficult' and Morrisons stated that consumers had been 'shopping across a range of formats and retailers' in a bid to manage their budgets more efficiently. Even if everyone suddenly becomes flush, this pick-and-choose style of shopping isn't likely to change soon.

Things are so bad at Morrisons that they've apparently stopped cleaning their windows in a bid to save money. Good thing the days are still short, wintery and dark, so that people might not notice how grotty the stores look.

Marks & Spencer meanwhile, are blaming "unseasonal conditions" rather than looking at prices and their actual wares. Heads are going roll in 2014.

TOPICS:   High Street News   Christmas

5 comments

  • JonB
    Maybe M&S did badly because their cashiers can choose not to serve customers who want to buy something against the cashier's beliefs?
  • shakesheadsadly
    I went into an M&S this Christmas. Men's and kids clothes were crammed together in one tiny corner of the store. The rest was devoted to women's clothes so hideously old fashinoned that my Gran wouldn't have worn them. Their food sales will keep them off your Deathwatch, but only for so long.....
  • shiftynifty
    Rumbled.... They have been caught out and shown up for what they are....M&S will stagger on through food sales...Morrisons will scratch their arse and lazily move into online shopping...Tesco`s will keep losing market share as they really have been caught out, over the top prices flogging main stream food that can be bought cheaper elsewhere, even with the crappy vouchers offering £6/£4 off your shopping
  • Morrison F.
    [...] Leading high street retailer Marks & Spencer has reported a worse than expected sales slump in the run up to Christmas, as supermarket chains Morrisons and Tesco also reported sharp declines in sales. It is the tenth successive quarter like-for-like …http://www.walesonline.co.uk/busine …http://www.bitterwallet.com/marks-s … [...]
  • Tesco F.
    [...] Leading high street retailer Marks & Spencer has reported a worse than expected sales slump in the run up to Christmas, as supermarket chains Morrisons and Tesco also reported sharp declines in sales. It is the tenth successive quarter like-for-like …http://www.walesonline.co.uk/busine …http://www.bitterwallet.com/marks-s … [...]

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