News Burst: M&S decline could spark e-biz manoeuvre

Could the Internet save Marks & Sparks?

Marks and Spencer Tuesday reported a sharp drop in its first-half earnings, prompting it to announce widespread changes, including the introduction of credit cards for the first time from next spring. Some industry observers say a push into e-business might also be in the cards as the UK's largest clothing chain struggles to reverse its decline. M&S reported a fall in underlying first half profits to £192.8m from £337.4m.

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