Marks & Spencer to report slump in clothing sales after short-lived boost

Disappointing clothing sales will be revealed on Wednesday alongside sharp fall in annual profits despite Christmas bumpMarks & Spencer will report a fresh slump in clothing sales on Wednesday after a revival at Christmas proved short-lived.The disappointing finish to the year will be revealed alongside a sharp fall in annual profits. Hopes that M&S chief executive Steve Rowe had come up with a winning formula for the UK’s biggest clothing retailer were raised after it recorded its