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Marks and Spencer has suffered a steep drop in annual profits, after taking a big charge to cover the cost of closing stores.
The retailer's pre-tax profits fell by 62% to 拢66.8m from 拢176.4m in 2017. This follows the news that Marks and Spencer plans to close 100 stores by 2022 - two in Scotland.
What's gone wrong for M & S?

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