LONDON — Fashion is back in business at Marks & Spencer.
The retailer reported that pretax profits rose by 21 percent to 476 million kilos within the yr to April 1 due to apparel.
Marks & Spencer has been doubling down on the denim market. The report said their denim market share grew by 13 percent, up from 10 percent from two years ago.
Sales on the business increased by 9.6 percent to 12 billion kilos. The news sent shares up almost by 12 percent for the publicly listed company.
The apparel numbers held their very own. Marks & Spencer sold 1.6 million pairs of their 22.50 kilos jeans; men’s crewneck T-shirts and polo shirts were two of the bestselling lines with 2.7...
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