M&S to close 100 stores by 2022

Latest news

    M&S storeImage copyright Getty Images

    Marks and Spencer has announced that it will close 100 stores by 2022, accelerating a reorganisation that it says is “vital” for the firm’s future.

    M&S has revealed the locations of 14 more stores that will be closed, adding to 21 that have already been shut.

    It is part of a revamp that was started in November 2016.

    Under that plan M&S wants to move a third of its sales online, and plans to have fewer, larger clothing and homeware stores in better locations.

    “Closing stores isn’t easy but it is vital for the future of M&S,” said Sacha Berendji, director of retail operations at the firm.

    He said that where stores have already closed “encouraging” numbers of shoppers had shifted their business to nearby stores.

    Last year, retail veteran Archie Norman took over as chairman. He said the retailer had been “drifting” and promised to speed up changes.

    The stores being closed

    • Fleetwood (Outlet store)
    • Newton Abbot (Outlet store)
    • Holloway Road
    • Darlington
    • East Kilbride
    • New Mersey Speke
    • Northampton
    View the original article: http://www.bbc.co.uk/news/business-44197128

    http://www.bbc.co.uk/news/business-44197128

    In the same category are

    World Cup 2018: Spain beat Iran thanks to Diego Costa goal World Cup 2018: Iran 0-1 Spain highlightsSpain edged out a gallant Iran in an absorbing contest to ensure they will reach the World Cup knockout stag...
    Panama Papers: Mossack Fonseca was unable to identify company owners Image copyright Getty Images Image caption The 2016 Panama Papers revealed the tax havens of the world's elite A new leak of documents from the of...
    World Cup 2018: FA condemns England fans’ anti-Semitic chants English football chiefs have condemned the "disgraceful conduct" of a group of men - thought to be England fans - making Nazi salutes and anti-Semiti...
    World Cup 2018: England manager Gareth Southgate dislocates shoulder England manager Gareth Southgate dislocated his right shoulder while running on Wednesday.The squad had a day off from training and Southgate suffere...
    England v South Africa: England break record for women’s T20 total Watch England reach the record for the highest women's T20 total of 217 with a Katherine Brunt six. FOLLOW LIVE: England v South Africa - in-play clip...
    World Cup 2018: Iran v Spain – rate the players Follow live coverage of Iran v Spain herehelpHow to playRate players out of 10 throughout or after the game. The rater will close 30 minutes after the...

    Leave a comment

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.