M&S relies on food sales for growth as clothing struggles

By James Davey LONDON (Reuters) - British retailer Marks & Spencer posted a seventh straight quarterly fall in underlying sales of clothing and homewares, having to rely on a strong performance from its food business to deliver overall growth. Marc Bolland, chief executive of the 129-year-old retailer that has recently been the subject of takeover speculation, is under pressure from shareholders to revive its clothing operations. ...

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