High street giant M&S (Marks & Spencer) has issued a devastating message about 67 of its UK stores. The retailer is loved by many, and is a particular hit in the run-up to Christmas.
Marks & Spencer has warned shoppers it is seeking to speed up a major shake-up of its stores estate which will result in the closure of 67 more shops. The retailer stressed that the previously announced closures will be more than offset by new openings as the group seeks to focus more on its grocery business and online operations.
In 2019, M&S confirmed long-term plans to axe 110 stores as part of a sweeping overhaul under previous boss Steve Rowe. In a presentation to investors, the retail giant has said there are a remaining 67 “lower productivity, full line stores” it will close over the next five financial years.
