Marks & Spencer crisis

Movement in M&S clothing shops and homes has not recovered since lockdown restrictions across the country eased

By: Gabriel Colombo

Analysts expect the food and clothing retailer to report a pre-tax loss of £59 million next week in the six months to September 26 - a figure JP Morgan predicted could reach £95 million. This compares with pre-tax profits of £176 million in the same period last year. Marks & Spencer is expected to announce the first loss in its 94-year history as a public company after the pandemic forced it to close shops and lay off employees.

Holly Willoughby shapes M&S fashion 

Source: The Times