Maraaz 
One of the UK’s largest retail chains, announcing that it will terminate 7 thousand people by the end of November. Marks and Spencer (MS) announced a loss for the first time in 94 years. According to the company’s February – September financial results. It reported that £ 87.6 million lost.
The company made a profit of over £ 150 million in the same period last year.
During this period, it was stated that the company’s total sales revenues decreased by 15.8 percent to £ 4.09 billion, especially with the effect of quarantine measures. It noted that customers’ shopping for clothing and home textiles decreased significantly.
The company made a profit of £ 158.8 million in the same period last year.
Marks & Spencer previously announced that 7,000 people will be laid off by the end of November.
