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Marks & Spencer to step up store closures after £200m loss

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Clothing and homeware sales fall by almost a third on back of Covid lockdowns

Marks & Spencer is to step up store closures after diving £200m into the red and as clothing and homeware sales slumped by almost a third during the high street lockdowns.

Food sales rose by only 1.3% at established stores in the year to 3 April, a slower pace than many rivals, as M&S missed out on the shift to online groceries for most of the year until it launched a delivery service with the specialist Ocado in September.

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