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Falling Apparel Sales Drag M&S to First Public Loss

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

Fashion sales were hard hit by the coronavirus lockdown in the first quarter, handing Marks & Spencer its first reported loss as a public company. In a Nutshell: M&S’s clothing and home sector was heavily impacted by the coronavirus pandemic in the first quarter, with total revenue falling 40.8 percent for the first half, sending…

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