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.
C'est la fin des jeux mobiles de Nintendo en Belgique
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.
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".
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.
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.
I'm a 30-year-old man with two kids, I got a mortgage and everything. "You've got to be a man at some point". "Yes, absolutely. But as soon as somebody held him back he was like, all of a sudden really impatient trying to get towards me.
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".
Liverpool and Tottenham will both have 23 players in their Champions League final matchday squads, the UK Mirror reports. Unfortunately it was announced today that safety fears means that Henrikh Mkhitaryan won't be making the trip.
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.
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 .
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".
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.
La mise en garde de Gaïd Salah
Les rues de plusieurs autres villes du pays ont également été investies par les étudiants comme à Constantine, dans l'est du pays. A plusieurs reprises, ils ont réussi à briser les cordons de sécurité mis en place à différents endroits de la ville.
Une première chose de faite pour Federer — Rome
Il s'agira de la confirmer, histoire d'avoir encore plus de références à l'heure d'aborder Roland-Garros dans dix jours. Face à la presse, le n°1 mondial a reconnu son manque d'énergie mais aussi encensé son rival espagnol.
Growing wildfire prompts evacuation of High Level, Alta
A 2016 wildfire in Fort McMurray, Alta., destroyed one-tenth of the city and some 88,000 people were forced from their homes. Alberta Premier Jason Kenney released a video via Twitter with updates regarding how the government is taking action.
NBA All-Rookie Teams Revealed
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.