Marks and Spencer is closing a few stores

Marks and Spencer is closing a few stores

Marks and Spencer released their half-year result. The notable consequence of the announcement is the closing down of thirty United Kingdom clothing

Delta to Introduce Delta Premium In 2017
Amazon Go Is The Future of Shopping
Few stores are opened on Thanksgiving Day
pantheon-store-3

marksandspencer.com

Marks and Spencer released their half-year result. The notable consequence of the announcement is the closing down of thirty United Kingdom clothing and homeware stores. The fashion side of the business has been struggling; total sale declined by 5.3%. M&S announced it would have about sixty less clothing and homeware stores in the next 5 years. This is a turnaround plan by Steve Rowe, Chief executive of M&S, which will see it open 200 new food stores as it moves away from disappointing fashion sales

M&S also announced that it would close 10 loss-making shops in the international markets, including France & China. The statements came as M&S reported falling sales and profits in the 6 months to the end of September.

marksandspencer.com

marksandspencer.com

Steve Rowe said of the UK store closures: “This is about building a sustainable, more profitable business that’s relevant for our customers in a digital shopping age.

The good news is that with the new food shops opening, M&S would have more physical shops in more towns in the UK. The retail company has more than 300 full-range stores, which sell clothing, homeware and food, and almost 600 Simply Food shops in the UK.

COMMENTS

WORDPRESS: 0
DISQUS: 0