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M&S falls into first loss as lockdown stifles clothing sales

The retailer's food arm achieved healthy profit growth despite weak sales growth, while clothing and home sales struggled
M&S falls into first loss as lockdown stifles clothing sales
  • The retailer outperformed its pandemic scenario forecasts, helping it exit the period with less stock
  • But M&S will not pay a dividend this financial year
IC TIP: Sell at 92p

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