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Marks & Spencer racked up a hefty loss of £200 million for the past year following Covid-19 pandemic store closures.

Profit before tax fell 199.4% on the same period in 2020. Profit before tax and adjusted items fell from £403.1m to £41.6m. Group revenue fell by 13.5% to

A RETAIL giant with two large York stores said it will be shutting 30 stores and switching others to food-only shops after Covid-19 lockdowns hit…

Ocado Retail to expand its reach Print 26th May 2021 Ocado Retail, the joint venture between Ocado Group and Marks & Spencer Group, has unveiled plans to invest to increase the reach of the business into parts of the UK that it does not currently serve fully. In addition, it plans to open more than 12 Zoom sites expanding its immediacy proposition across London and major UK cities. The plans were included in M&S’ results for the 52 weeks ended 3 April, in which M&S Food delivered a “strong” like-for-like sales growth of 6.9%. Total sales were down 0.6% and operating profit before ad...

Marks & Spencer to close 30 stores after £201m loss due to Covid Around 100 shops will either become a food only store, will close, will move or will merge with another branch Updated Marks & Spencer announces 30 store closures after £200million loss due to Covid (Image: Julian Hamilton) Get our daily Echo newsletter for the biggest stories and breaking newsInvalid EmailSomething went wrong, please try again later. Subscribe for free When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with ourPrivacy Notic...