M&S said part of the reason for its steep fall in profits was £222m in extra costs from the "acceleration and extension" of its United Kingdom store closure programme.
Marks & Spencer asked today to be judged on how it is changing as much as its financial results, as the British retailer reported a third drop in annual profits in a row. It plans a further 85 closures of full-line stores and 25 closures of Simply Food stores this year.
Marks & Spencer chief executive Steve Rowe said: "We are deep into the first phase of our transformation programme and continue to make good progress restoring the basics and fixing numerous legacy issues we face".
Steve Rowe said there were "green shoots" of a turnaround, but added that performance was not consistent and had been hit by its store closure programme and wide-ranging revamp plan.
It said the food closures come as it focuses efforts on larger Simply Food shops with parking access, which will mean shutting and relocating smaller, less busy outlets.
Clothing and home sales were 1.6% lower, dented by the timing of Easter and poor stock availability, while United Kingdom like-for-like sales were down by 2%.
"M&S is changing faster than at any time in my career - substantial changes across the business to our processes, ranges and operations and this has constrained this year's performance, particularly in Clothing & Home", Rowe said.
Like-for-like sales in its food halls fell by 2.3%, although M&S said this was affected by the timing of Easter.
Austria's Far-Right Ministers Quit in Unison
Kickl's party said he had done nothing wrong and sought to portray itself as the victim of a plot. In the footage, Strache discussed rules on party financing and how to work around them.
Cubs Wont Protest Loss To Nationals
With the Cubs up 3-2 in the seventh inning, Bryant hit a two-run blast into the Cubs' bullpen off Justin Miller . Heyward came around to score on a passed ball and the Cubs were now trailing 4-1. "Almost too good.
And comparable clothing and home sales have dropped 1.6%, with total sales being 3.6% lower.
"Whilst there are green shoots, we have not been consistent in our delivery in a number of areas of the business".
"However, we remain on track with our transformation and are now well on the road to making M&S special again".
Dividend per share fell 25 per cent from 18.7p to 13.9p.
However, M&S shares were down 4% today, extending year-on-year losses to 11%, as it also announced the terms of a discounted rights issue to partly fund a joint venture with online grocer Ocado announced in February.
The retailer said it closed 26 full-time stores and opened 48 new stores in the year.
Chief executive Steve Rowe said: "Our strategy is as much about right sizing, relocating and new openings as it is about closures".
Richard Hunter, head of markets at Interactive Investor, said: "The results give proof, if it were needed, that M&S required a significant shot in the arm to give it relevance in the modern day".
Louis Blues after they blasted the host San Jose Sharks 5-0 Sunday afternoon to take a 3-2 lead in the Western Conference finals . Jordan Binnington made save after save to pull off yet another playoff victory - and make some team history - for the Blues .
The garden, which includes a campfire, tree house and rope swing, was rated "20 out of 10" by her son Prince George . Queen Elizabeth visited the famous flower show on Monday and toured the garden designed by the wife of her grandson.
One of the things that I'm not going to do, if I'm elected as leader of the Labor party, is to make policy on the run. I had more people raising a death tax with me on polling booths than franking credits.
Following the incident, Mr Farage was heard telling a member of his staff that he "could have spotted that a mile off". Mr Farage told Nick Ferrari : "There's something really appalling going on out there in our country".
The documents are dated June 21, 2010; October 20, 2010 and March 31, 2014, according to a court filing regarding the matter. But son Kecalf Franklin noted that the 2014 will called for him to serve as representative of the estate.
Google has confirmed that Google play store will keep functioning for those who are now owning the existing devices of Huawei. That makes it nearly impossible for Huawei to do any business with the US. "You can do that in China, but not in Europe".
Kings forward Marvin Bagley III picked up a prestigious honor Tuesday when he was named to the NBA All-Rookie First Team . He led all rookies in rebounding and had the highest field goal percentage ever by a rookie who averaged a double-double.
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Katumbi had been sentenced in absentia to three years in prison on real estate fraud charges he said were politically motivated. Forming a new government has taken months, in part because of disagreements over the appointment of a Prime Minister.
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Par ailleurs, les futurs titres Nintendo utilisant des méthodes de monétisation similaires ne seront pas lancés en Belgique. Comme on peut le lire, à partir du 27 août prochain, il ne sera plus possible de jouer à ces jeux ni même les télécharger.
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He added that Huawei is discussing "emergency relief" from Google for possible loss of services for its smartphone business. Android is by far the most popular mobile operating system, powering almost 4-out-of-5 smartphones globally.
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It's also not going to simply be a clone of Spotify or Apple Music, and will come with a catalog of both music and video. Spotify, which launched earlier this year, claimed to have notched up one million unique listeners within a week .
Raptors must find a way to defend Brook Lopez
Lowry was 5 for 7 in the fourth - and his teammates were 0 for 15. "Pretty frustrating", Lowry said . "Fourth quarter killed us". That steadiness helped Milwaukee survive the Raptors' early hot shooting, which Toronto used to build a quick 13-point lead.