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Combined fashion-to-furniture sales dipped at general retailer Marks & Spencer in the year to end March though it made margin gains.


General Merchandise revenue fell 2.5 per cent to £3.99bn in the UK, and by 3.1 per cent on a like-for-like basis. UK Food sales were up 3.4 per cent (+0.6pc LFL) to £5.23bn.


The retailer didn’t split out its GM sales by category — though Fashion far exceeds Home — saying only that it expected both the Home and Clothing markets to remain challenging moving forward.


Worldwide revenues were flat at £10.31bn with statutory pre-tax profits rising 3.4 per cent £600m. Marks & Spencer said it made gross margin gains across GM driven by less promotional activity and stronger sourcing.