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Falling Apparel Sales Drag M&S to First Public Loss

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

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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