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Poor clothing sales see M&S's profits slide

HK_CWB_Times_Square_Shop_Marks_%26_Spencer.JPG?profile=RESIZE_710xMarks and Spencer profits dropped in the first half of its financial year following a sharp fall in demand for its clothes and home goods.

The High Street retailer said that while its food business was "outperforming the market", there had been issues in clothing and home.

Marks and Spencer is undergoing a transformation plan led by chief executive Steve Rowe.

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BBC News

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