M&S chief says fashion rebound will take time

Marks & Spencer CEO Marc Bolland touted the retailer's growth in food sales and said it will take time to reap similar results on the clothing side. Like-for-like sales in the clothing category fell 3.8% in the most recent quarter, its seventh quarterly decline; fall and winter lines from the retailer's new team are expected to be the first step in a step-by-step process, he said.

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