Marks & Spencer’s clothing and housing division has brought “significant” improvements to profits during the first six months of the financial year, following the “renewal” of its model.
This has contributed to the development of the business as a whole, which returned to profits after reporting a loss of £ 87.6m over the same period last year. The seller submitted the pre-tax profit of £ 187.3m, nearly £ 30m more than the £ 158.8m two years ago, before the impact of the epidemic.
Compared to 2019, sales of clothing and household items were down by 1% as closing the door expanded in the first week of the season. However, operating profit in the pre-repair sector reached £ 156.2m, up from £ 109.6m two years ago.
Read More: M&S claims ‘renewed competitiveness’ in clothing and home following profit boost
