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Retail sales slump again

In its worst figures outside of a seasonal period for 11 months, the British Retail Consortium said October's UK retail sales were 0.1% lower on a like-for-like basis than a year ago, ending the modest revival seen in September.

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M&S profits slide to £297 million as non-food sales drop

Marks & Spencer has revealed a slide in profits as its non-food sales continue to drop.

Marks & Spencer's non-food like-for-like sales are down 4.3 percent Credit: Reuters/Ki Price

M&S announced a pre-tax profit of £297 million for the period ending 29 September, down from £307 million a year earlier.

The firm posted a 4.3 percent decline in non-food like-for-like sales in the first half after admitting it had lost market share in its core womenswear market.

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