Friday February 21, 2020

M&S to close stores as profits dip

19 per cent dip sends around 60 stores to the chopping block

13th November, 2016
2
Steve Rowe, chief executive, Marks & Spencer

Retailer M&S has announced a dip of almost 19 per cent in its underlying profits before tax for the last six months, and signalled plans to close about 60 British stores.

“Over the next five years we will transform our British estate with circa 60 fewer clothing and home stores, while continuing to increase the number of our Simply Food stores. In the future, we will have more inspiring stores in places where customers want...

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