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May 28, 2017 M&S profits dive by nearly two-thirds as clothing sales slide
By: Loknath DasM&S clothing and homewares sales fell by 5.9% in the first quarter. Photograph: Suzanne Plunkett/Reuters Marks & Spencer has reported a 64% drop in annual profits to £176.4m as weak clothing sales were compounded by more than £400m of restructuring costs relating to the new chief executive’s turnaround plan. Chief executive Steve Rowe insisted the […]
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