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Britain's M&S to close stores as profits fall

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New CEO Steve Rowe is seeking to cut costs as part of a revival plan that will reduce its UK clothing space and switch the business more towards food.

London

BRITAIN'S Marks & Spencer (M&S) said it would shut stores at home and abroad, with its new boss seeking to cut costs as part of a revival plan that will reduce its UK clothing space and switch the business more towards food.

The retailer, whose shares have fallen 22

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