Coronavirus shutdown ravages high street as retailers take emergency action

M&S warns of store closures and joins Primark in cancelling orders as Debenhams seeks time to pay billsCoronavirus – latest updatesSee all our coronavirus coverageThe coronavirus shutdown is laying waste to the high street, with Marks & Spencer warning of store closures, as Primark told suppliers that it was cancelling orders and Debenhams sought extra time to settle its bills.On Friday, M&S axed its dividend to preserve cash because its clothing arm faced being “severely