Marks & Spencer posted a loss of over £200 million in its annual results – a first in 94 years. The 137-year-old retailer’s clothing department was widely blamed for the hit, with fashion sales struggling during the pandemic.The official launch of its autumn collections today is therefore something of a test; what changes have been made and, crucially, will M&S Clothing bounce back?The coronavirus crisis has caused havoc across British retail, but the M&S team, headed up by Jill Stanton, director of womenswear, kidswear and beauty, had already seen the woes coming for the high street.Promises were made last autumn (months before the losses were detailed) and a decisive plan was announced in line with the retailer’s new “Never The Same.
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