Marks and Spencer ends mainland online operations in retreat from China


British retailer Marks and Spencer said it plans to soon end its online operations in mainland China, citing the complexity and cost of trading on the country’s “highly promotional” online market, according to the company.
The London-based clothing and food chain, established in 1884, has in recent years expanded its foothold in overseas markets, including mainland China. However, it has been grappling with declining sales in some of its key international markets, closing its…