Marks & Spencer has announced it will offer staff 40 per cent off in a three-day extravaganza.

The retailer will be offering the deal to staff as Stuart Rose, chief executive, looks to shift stock and boost sales.

The staff sale comes on top of a single day deal, offering customers 20 per cent off stock. The discount will cover around 90 per cent of the company’s products.

The deal marks the first time the retailer has opted for Christmas extravaganzas, fuelling rumours that it is struggling.

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