Marks & Spencer and Tesco enjoy strong Christmas
The Guardian says Marks & Spencer and Tesco enjoyed a strong Christmas trading period, partly as the rapid spread of Omicron prompted people to eat and drink more at home instead of heading out to restaurants and pubs.
M&S, which is recovering from years in the doldrums, booked its highest ever sales of food and a surge in clothing. Food sales jumped 10% in the three months to 1 January, making it the fastest-growing food retailer in the UK.
The strong rise in sales came despite fears of product shortages caused by supply chain difficulties including driver shortages and hold-ups at ports.
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