Christmas sales soar for Marks & Spencer and Tesco

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'Despite all the supply chain problems and labour shortages - the all-important festive trading was pretty decent for the industry overall.'

Marks & Spencer and Tesco saw sales soar over Christmas as both retailers forecast strong full-year profits.

Earlier this week, Sainsbury's also reported strong Christmas sales with more people choosing to eat at home rather than venture out amid the emergence of the Omicron variant. Supermarkets were up against some tough comparisons after last year's record-breaking performance, when Covid restrictions caused a boom in food sales. But they've been buoyant this time round, too. People wanted to treat themselves and there was more eating and drinking at home. And after all the fears of empty shelves and shortages, there was plenty of food.

The retailer said that customers were already using M&S for more of their everyday shopping items and it said "the larger basket sizes we saw in the first half continued through the Christmas period".

 

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