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What Marks & Spencer's FY numbers mean for clothing

2018-05-23 16:47:00| Daily apparel & textile news and comment - from just-style.com

Today's (23 May) full-year results from Marks & Spencer have once again emphasised the company's reliance on its food business, as the UK retail group posted a 1.4% fall in clothing and home sales a day after announcing plans to shutter more than 100 stores before 2022. While CEO Steve Rowe is optimistic the group's turnaround efforts are off to a good start, with claims the new organisation will largely be in place by July, will its investments - and indeed its store closures - be enough to revive the retailer's clothing fortunes? 

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