Marks & Spencer to close 100 stores in the next four years in ‘vital’ restructure Popular Videos ES News Email Enter your email address Please enter an email address Email address is invalid Fill out this field Email address is invalid Email cannot be used. Try another
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Marks & Spencer has announced it will close 100 stores by 2022 as part of a ‘vital’ restructure.
The closures will affect its clothing and home stores, which have under-performed for several years, and will put thousands of jobs at risk.
The locations of 14 of the shops has been announced and include London stores in Bayswater and Holloway Road.
Sacha Berendji, director of retail and property, said the decision was “not easy but it is vital for the future of M&S”. Closures: Marks & Spencer signs are seen outside outside a store in London (REUTERS)
Twenty-one stores have already closed down since the start of the revamp in 2016.
The clothing, home and food retailer has been seeking to save costs through the closures or stores and distribution centres as part of a wide-ranging efficiency drive as the company’s financial performance deteriorates. Confirmed stores to be closed
Bayswater

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