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The company's financial position was stretched by dire trading.
Its dire trading led to the departure of Simon Calver as chief executive in February.
Despite the dire trading figures M&S said its guidance for annual profit remained unchanged.
Mothercare issued a dire trading statement on 8 January, guiding analysts to halve their forecasts for full-year profit.
Blacks appointed KPMG as administrator earlier as it admitted it has failed to find an outright buyer after putting itself up for sale following dire trading.
Tesco says the horsemeat scandal and dire trading on big-ticket electricals is responsible for a decline in its UK sales.
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Despite dire recent trading, Rank continues to attract takeover speculation.
Dire Christmas trading prompted a rethink at Debenhams with Sharp telling the City earlier this year that 10% of its floor space – 1m sq ft – could be made more profitable by introducing new brands and services.
Debenhams shares plunged on New Year's Eve, wiping £125m off the value of the company after it warned that dire Christmas trading meant its half-yearly profits would be more than 25% lower than in the same period last year.
The department store's shares plunged on New Year's Eve, wiping £125m off the value of the company, after it warned that dire Christmas trading meant its half-yearly profits would be more than 25% lower than in the same period last year.
As a substantive matter, the bill was very mild; nonetheless, there were dire warnings of trade war and global economic disruption.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com