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Bad news, fans of Percy Pig, Colin the Caterpillar and beige cardigans: beloved UK high-street chain Marks and Spencer has announced it plans on closing a whopping 67 stores throughout the country over the next five years. The closures are apparently part of an effort to save the business £300 million.
Some of the closures have already taken place, notably in Edinburgh, Middlesborough and on central London’s Fenchurch Street. A further ten stores are to close this year, with ten more set to be relocated. The majority of these are ‘full line’ stores, which stock its home and clothing range as well as food and drink. Here’s everything you need to know.
Which M&S stores are closing down and when?
Some closures and relocations are subject to consultation and haven’t yet been confirmed. However, among the stores relocating are those in Birmingham, Leeds, Liverpool, Manchester and Thurrock. The exact dates for these closures are also yet to be confirmed.
What has been said about the closures?
The high street retailer has said it was closing ‘lower productivity’ stores in an effort to save the business a heap of cash.
But it ain’t all bad news, Marks ‘n’ Sparks stans. M&S is also opening a bunch of brand-new stores. Check out all the deets of those here.
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