Retailers’ profits above pre-Covid levels but it warns of supply chain costs and disruption to come
A revamp of its clothing business has helped Marks & Spencer raise its profits outlook for the second time in less than three months but it warned over soaring costs and disruption from supply chain problems.
M&S said its strong performance over the six months to October reflected a 10% jump in food sales as well as “substantial improvement” across its once-struggling clothing and homeware division.
