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M&S to close 30 UK stores and cut back on clothing

admin by admin
November 4, 2017
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M&S to close 30 UK stores and cut back on clothing
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Boss says revamp affects 25% of UK floorspace with more emphasis on food, and will also shut 53 overseas shops

Marks & Spencer is shutting 30 UK stores and converting 45 more into food-only shops as part of a major business overhaul that will slash the amount of shopfloor space devoted to its ailing clothing ranges.

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The retailer’s new chief executive, Steve Rowe, said more than 100 UK stores were in the firing line as part of a wider shakeup designed to end a long-running slump in clothing sales and devote more space to its more successful food business. He outlined plans to open 200 new Simply Food outlets.

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