Marks & Spencer, a well-known British retailer, has been downgraded by Jefferies, a global investment bank. The downgrade comes after a significant 20% drop in sales within their Clothing and Home division. This decline in sales has raised concerns about the company’s future performance and market position. Despite this, the article does not provide specific reasons for the sales drop or mention any other financial metrics or future projections from Jefferies. The focus remains on the stark 20% decrease, highlighting the challenges Marks & Spencer faces in this particular sector of their business.
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