Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Retail

Marks and Spencer to ramp up store closures this month

Marks and Spencer’s plans to shut 67 of its larger ‘full line’ stores are set to pick up pace this month.

The retailer said last year it intended to close the locations to shake up its business, with stores in Middlesborough and Castleford set to get the chop this month, according to the Mirror.

However, M&S did say it will open 104 smaller, Simply Food shops over the next five years, with many of them expected to be situated in the same area or location as the planned closures.

Over the next five years, M&S said it wants to reduce its full-line stores while increasing its food-only sites.

Marks and Spencer has been making headlines regarding its flagship Oxford Street store, which it wishes to demolish and redevelop.

However, it has faced opposition from heritage organisations, environmentalists and even celebrities.

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK