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M&S cuts clothing orders by GBP100m as Covid-19 hits sales

2020-03-20 12:47:00| Daily apparel & textile news and comment - from just-style.com

Marks & Spencer (M&S) has warned trading over the next nine to 12 months in its clothing and homewares business is likely to be severely impacted by the coronavirus (Covid-19) outbreak and that it is "taking all possible steps" to defer supply ahead of what it expects to be a prolonged downturn in demand.

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Category:Consumer Goods and Services

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