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Management

Tu Clothing sales plunge 53 percent during lockdown

Sales at Sainsbury’s fashion brand Tu Clothing plummeted by 53 percent for the seven weeks to April 25 as the British retail giant warned of a Covid-19 hit of over 500 million pounds during the year. The company’s preliminary full-year results published Thursday revealed that its profit before tax for the 52 weeks to 7 March reached 255 million...

Apr 30, 2020