Adds element
Adds element
LONDON, March 20 (Reuters) – British retailer Marks & Spencer MKS.L mentioned on Friday buying and selling over the following 9-12 months in its clothes and homewares and worldwide companies was prone to be “severely impacted” by the coronavirus.
It won’t pay a ultimate dividend for its 2019-20 12 months and mentioned it was unable to offer significant steering on earnings for the 2020-21 12 months however reassured the post-crisis way forward for the enterprise was robust.
“M&S has served clients with out stop by way of two world wars, terrorist bombings and quite a few native disasters and we’re decided to assist our clients now as we all the time do,” it mentioned.
It mentioned it was seeing substantial gross sales declines in its clothes and residential enterprise and has needed to handle its prices accordingly however anticipated to have the ability to redeploy important numbers of employees to assist the meals enterprise.
Buying and selling in its meals enterprise has thus far remained robust.
…