What Marks & Spencer's H1 numbers mean for clothing
Today's first-half results from Marks & Spencer have offered a mixed picture for its clothing business. Like-for-like sales fell, but margins improved thanks to continued progress in the UK retailer's direct sourcing initiatives. While M&S is optimistic it can maintain margins and has upped its full-year forecast, will its investments in sourcing and a new rewards card be enough to revive the retailer's clothing fortunes?
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