M&S profits skyrocket as reshaping strategy pays off

M&S profits have skyrocketed 58% as its strategy to reshape the business delivers strong sales growth across its clothing and food divisions.
The high street retailer insisted it was confident of further progress in its new financial year and that the positive results reflected “the beginnings of a new M&S”.
After two decades of unsuccessful turnarounds, the retailer’s latest attempt is finally bearing fruit thanks to a major investment programme to improve the quality