{"id":166020,"date":"2020-03-31T13:25:00","date_gmt":"2020-03-31T13:25:00","guid":{"rendered":"https:\/\/www.theindustry.fashion\/analysts-expect-marks-and-spencer-division-sales-to-fall-by-up-to-60\/"},"modified":"2021-08-06T12:05:16","modified_gmt":"2021-08-06T12:05:16","slug":"analysts-expect-marks-and-spencer-division-sales-to-fall-by-up-to-60","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/analysts-expect-marks-and-spencer-division-sales-to-fall-by-up-to-60\/","title":{"rendered":"Analysts expect Marks and Spencer division sales to fall by up to 60%"},"content":{"rendered":"<p><strong>Goldman Sachs analysts\u00a0have said they expect clothing &amp; home division sales at\u00a0Marks &amp; Spencer to plunge by up to 60% in the three months to the end of June<\/strong>.<\/p>\n<p>The multinational investment bank expects the retailer's four-week closure period from March into April to see<strong> a 90% drop in the division\u2019s sales<\/strong> which in result would drive down the result for the entire quarter.<\/p>\n<p>Goldman Sachs also said that <strong>Marks &amp; Spencer's European\u2019s sales could drop by around 30%<\/strong> in the first half overall.<\/p>\n<p>Although the businesses\u2019 foods division may be profiting\u00a0 from the Coronavirus epidemic, other divisions such as apparel will be affected by the global health crisis. Recently, Marks &amp; Spencer <strong><a href=\"https:\/\/www.theindustry.fashion\/marks-spencer-cancels-100m-in-clothing-orders-and-considers-temporary-closures\/\">cancelled \u00a3100m in clothing orders<\/a>\u00a0<\/strong>and is considering closing stores temporarily during the COVID-19 Coronavirus outbreak<\/p>\n<p><strong>Read <a href=\"https:\/\/www.theindustry.fashion\/intelligence\/marks-spencer\">Marks and Spencer's<\/a> profile in our master database of fashion, <a href=\"https:\/\/www.theindustry.fashion\/intelligence-directory\/\">The Intelligence<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":50,"featured_media":129509,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[16042,10585,6,10494],"tags":[15692,5202,5707,19440,16342,19385,9908,10427,35,14308],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Analysts expect Marks and Spencer division sales to fall by up to 60% - TheIndustry.fashion<\/title>\n<meta name=\"description\" content=\"Goldman Sachs analysts\u00a0have said they expect clothing &amp; 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