M&S slumps to first ever loss as COVID-19 hammers clothing sales

By Reuters

Britain's Marks & Spencer on Wednesday slumped to the first loss in its 94 years as a publicly listed company after clothing sales were hammered by the COVID-19 pandemic. M&S, one of the best known names in UK retail, said it made a pretax loss before one-off items of 17.4 million pounds ($22.6 million) in the 26 weeks to Sept. 26 – its first loss since listing its shares on the stock market in 1926.

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Via:: Sports Headlines

      

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