Marks & Spencer cancels £100m worth of clothing orders

Retailer also considers temporary store closures on the back of coronavirus crisisCoronavirus – latest updatesSee all our coronavirus coverageMarks & Spencer is cancelling £100m worth of clothing orders and preparing for temporary store closures as the coronavirus continues to hammer high street businesses.The retailer has axed its dividend to preserve cash on the basis its clothing arm will be “severely impacted” over the coming months as Britons are forced to stop s