Marks & Spencer’s Irish business returns to profit after ‘lost year’ of pandemic

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Marks & Spencer’s Irish business returns to profit after ‘lost year’ of pandemic
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UK retailer made a pretax profit in excess of €31m for the 52 weeks up to April 2nd last year

“Trading conditions were challenging during the year as Covid-19 restrictions prevented us trading Clothing and Home in our stores until May, and our Food business felt the impact of Brexit for the entire year,” the group’s directors said.

New import rules and additional paperwork associated with Brexit initially forced the UK retailer to cut 800 product lines in its stores in the Republic, including such items as free-range chicken, orchids or goods containing Parmesan ReggianoThe “long and complex export processes” following Britain’s departure from the European Union have made it difficult to supply the stores from the UK, it said.

 

Despite the quality of the knickers gone to shite! 😉😁

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