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M&S and Primark among retailers to shed light on consumer spending

The Independent·Henry Saker-Clark·about 8 hours ago
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Marks & Spencer , Next and Primark’s parent firm are among a throng of retailers set to update investors next week, shedding light on UK consumer sentiment heading towards Christmas.

Recent data has pointed towards a fragile consumer backdrop, with rising energy bills and concerns over the wider economic backdrop weighing on some spending habits.

Most recent data from the Office for National Statistics showed retail sales volumes fell by more than expected at 0.4% in September, amid slow demand for autumn and winter clothing lines.

High street bellwether Marks & Spencer will unveil its latest half-year results on Wednesday and show the market how it has been navigating challenging conditions.

Marks & Spencer is expected to report rising profits (Jonathan Brady/PA) (PA Archive)

The retailer was severely knocked by a major cyber attack last year, which saw the business temporarily halt online clothing sales, but has since recovered ground.

It is expected to report a strong rebound in its clothing and…

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