Consumer

M&S Says Economic Outlook Uncertain After Strong Christmas Sales

  • Shoppers stocked up on M&S food over the festive season
  • British retailer is in the middle of a turnaround plan
A shopper with Marks & Spencer bags in London.Photographer: Chris Ratcliffe/Bloomberg

Marks & Spencer Group Plc said the economic outlook is uncertain after the retailer broke sales records over Christmas.

The British fashion and homewares company saidBloomberg Terminal Thursday that it also faces higher costs from the recent Labour budget.