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Marks & Spencer profits plunge as clothing sales continue to fall | Business

Marks & Spencer has reported a fresh slump in clothing sales as poor levels of availability in its stores were compounded by an out-of-date supply chain. The chief executive, Steve Rowe, blamed the 5.5% decline in like-for-like clothing sales on buying errors that meant popular sizes sold out too quickly. A new design team was …

Marks & Spencer profits plunge as clothing sales continue to fall | BusinessRead More

Marks & Spencer profits plunge as clothing sales continue to fall | Business

Marks & Spencer has reported a fresh slump in clothing sales but insisted it was “making up for lost time” in the run-up to the key Christmas trading period. The chief executive, Steve Rowe, blamed the 5.5% decline in like-for-like clothing sales in the first six months of its financial year on supply chain problems …

Marks & Spencer profits plunge as clothing sales continue to fall | BusinessRead More