High street store Marks and Spencer announced the departure of head Kate Bostock along with news of the sales drop
High street store Marks and Spencer announced the departure of head of general merchandise Kate Bostock today, along with news of a dramatic sales slump.
For the first time in three years, like-for-like sales fell by 2.8 per cent in the UK between April and June, with sales for the entire group falling by 0.7%.
According to reports, womenswear led the losses, with unseasonably wet weather hitting trading figures significantly.
Like-for-like sales in food rose 0.6 per cent during the same period.
With the sales slump announcement came news the company’s head of general merchandise, Kate Bostock, was to step down.
She will be replaced by John Dixon, currently heading up he retailer’s food business, with Belinda Earl, previously Chief Executive of Debenhams.
Chief executive Marc Bolland said: ‘General merchandise underperformed in a difficult trading season. We are confident we are taking the necessary steps to address this.’