Retailer Marks & Spencer has announced the imminent closure of a further 110 outlets, after posting a 9.9% drop in profits for the 2018 fiscal year, which ended on March 30 last.
M & S shares took a 4% tumble in the wake of the announcement.
The retailer is the last in a long list of high-profile chains to report marked decline in profits, due to shifting customer preferences to online shopping and other factors.