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.

…read more

Via:: Sports Headlines


Get 20% off hat purchases for ONLY $5! Join our LIDS Club @ lids.com.
%d bloggers like this: