Analysts expect M&S to report a loss of between £59 million and £95 million for the first six months of its financial year this week. That's largely due to the impact the lockdown had on its Clothing & Home sales.
In a year that’s unlikely to see some of the blockbuster Christmas TV ads we’ve become used to, it seems that M&S has taken the decision not to advertise its struggling fashion arm on TV for the festive season.
The retailer is bringing back its clothing donation scheme with Oxfam after a six-month hiatus. In line with government guidelines, donated items will be quarantined for 48 hours before being sent to the charity.