M&S reveals falling profits and plans for another 110 store closures
(World News UK)

Retail giant Marks & Spencer has posted a 10% drop in annual profits amid a sweeping overhaul that will see it shut another 110 stores. The high street bellwether said it is closing another 85 full-line stores and around 25 Simply Food outlets on top of the 35 full-line branches closed in 2018-19 under a previously-announced restructure. But it said the overall size of the chain will remain in line with plans as it also opens and relocates shops, having launched another 48 full-service stores in the past financial year. It said the food...