M&S to shut 17 stores
Marks & Spencer has announced to close shutters of 17 shops across the UK to revamp which would mean, more than 1,000 of its employees would be impacted. According to Steve Rowe, Marks & Spencer CEO, more than 100 stores will close, M&S shall go ahead with its turnaround plan. So far 30 stores have already closed and a further eight have been previously announced for closure.
The retailer is continuing to transform M&S swiftly and as part of this, it is making good progress with its plans to close over 100 stores – drastically reshaping its retail outlets to become more appealing for its customers. M&S management feels albeit closing stores is never an easy preposition for its staff, clients or the local community, but it is imperative for the future of M&S. “Where we have closed stores, we are continuing to see an encouraging number of customers choosing other nearby locations and shopping on M&S.com,” said one of the spokesperson of the company.Europe News