LON:MKS

Retailer posts 18.5% decline in annual profit, offsetting a 2.4% gain in revenue, as clothing division continues to struggle.

The general merchandising division, which primarily deals with clothing, has been given top most priority.

Labour Behind the Label claims workers at M&S supplier factories were paid far less than required living wage.

IBTimes UK looks at the individual winners and losers over the Christmas period.

Sports retailer reveals its profit will be lower than expected this year.

UK stocks recoup part of the losses but FTSE 100 remains in the red.

From shop floor to the helm of the company, IBTimes UK looks at Rowe and his history at M&S.

Stoxx 600 has biggest drop since August, while Dax falls below 10,000 for first time since October.

UK retail investment: Warm winter weather has been bad news for clothing stores over Christmas.

Bolland is to step down from his role as CEO at the retailer amid poor third quarter results.

The £15m 'Golden Hello' caused Bolland to be dubbed 'the golden shopkeeper' or 'Big Bucks Bolland'.

M&S will implement this new strategy across eight stores over the next six months.

Bolland will be succeeded by new director of general merchandise Steve Rowe.

London's main benchmark was dragged lower by commodities-related stocks.

The 300cl Monticella DOCG prosecco will be available at Marks and Spencer for £45 and will serve 20 glasses.

The retailer had appealed for the return of two months of rent claimed to have been paid in excess that amounted to £1.1m.

The company says it is focusing on general merchandise margins and food sales.

Marks & Spencer website started showing user data, including names, date of birth and previous payment details of customers.

Retailer is trying to beat online and high street competition through scheme.