LONDON — Marks & Spencer plc is losing some of its share of the U.K. women’s wear market — and it’s planning to fight back.
The company, which on Tuesday released results for the year ended April 3, said its share of the clothing market declined 0.2 percentage points to 11 percent during the period. Clothing sales rose 1.4 percent to 4.03 billion pounds, or $6.85 billion, from 3.98 billion pounds, or $6.77 billion, in the 53-week fiscal year. Dollar figures have been converted at the average exchange rate.
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