By  on November 8, 2016

LONDON — Marks & Spencer Group plans to shutter its wholly owned international stores as it reported a 91 percent slide in first-half profits to 15.9 million pounds, or $21.8 million.

Sales in the six months to Oct. 1 edged up 0.9 percent to 4.99 billion pounds, or $6.84 billion. Underlying profit was down in the half due to lower clothing and home sales, and a “significant charge” relating to pension changes, the company said.

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