According to market sources consulted by Reuters, Marks & Spencer is set to report its thirteenth straight quarterly fall in underlying non-food sales, with trading hurt by Britain's warm autumnal weather, the continuing "settling in" of a new website and a sluggish economic recovery.
Thus, Marks & Spencer is expected to say the results for the 13 weeks to September, 27, its fiscal second quarter, reflected Britain's mild autumn - not helpful for shifting high-margin winter coats, knitwear and boots.
Official data published on October, 23 also showed British retail sales fell more than expected in September, the most important month in M&S's second quarter. The data added to signs the country's economic recovery is losing some of its pace, reported Reuters.
In this context, the retailer will publish its second-quarter sales figures on November, 5 and is anticipated to report a fall in sales of general merchandise - clothing, footwear and homewares - of 3.7 percent from shops open over a year, according to a consensus of analysts' forecasts provided by the company. That compares with a first-quarter decline of 1.5 percent.
In the same vein, the first British clothing retailer by sales will also reports first-half results which are expected to show a 3.7 percent fall in pretax profit to 252 million pounds, down for a fourth straight year.