Home | Others | MARKS & SPENCER: 30 UK stores to be closed

MARKS & SPENCER: 30 UK stores to be closed

BRITISH distribution giant Marks & Spencer said that it plans to close 30 stores in the UK and to convert 45 other stores to food only. The decision reflects a progressive weakening of clothing sales by the chain. Over three years, the closures and conversions will reduce by 10 per cent the chain’s sales floor space devoted to clothing. Other retrenchment moves announced include the closure of 53 under-performing stores in 10 countries including France, the Benelux and China.

Marks & Spencer

Marks & Spencer

 

The reduction of space devoted to clothing could undermine the chain’s status as the UK market leader in the lingerie sector.

 

See also:

MARKS & SPENCER: clothing sales slumped in Q1

MARKS & SPENCER: burkinis added to assortment

MARKS & SPENCER: tops UK loyalty index

Leave a Reply

Your email address will not be published.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

*

Anti-spam check (Confirm that you are a human being) : *