British multinational retailer Marks & Spencer (M&S) will invest £300m ($411.3m) in the financial year 2025 (FY25) to accelerate the rotation and renewal of its stores.
The store rotation and renewal programme includes the launch of 16 new locations, 12 food halls, two full line stores and two outlets, along with the extension of nine existing outlets and the renewal of 12 stores.
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The stores will feature an updated signature M&S format with bright entrances, wider aisles and modern shelf displays.
M&S CEO Stuart Machin stated: “This year we are stepping up the pace of our programme and investing over £300m to rotate and renew stores across the country. We have a rigorous strategy to make sure we have the right stores in the right places, and this year we will deliver 37 new and renewed stores with the best of our food, fashion and home, and beauty to our 32 million customers.”
The upcoming stores are scheduled to open in the summer of 2025 and include Food on the Move at Bristol Airport, an outlet in Aberdeen and the rollout of convenient click and collect services.
M&S is identifying new locations to continue expanding its store network.
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By GlobalDataThe retailer is considering more than 300 new locations across the UK and plans to introduce market-style fruit and vegetable sections, bakeries with barista-style coffee and more spacious aisles.
In the year to June 2025, M&S has closed 47 new and renewed store deals which are set to open by FY28. This is substantial increase in the pace of investment in its owned estate, surpassing the total deals signed in the previous three years.
By the end of FY28, M&S is targeting the establishment of 180 full line stores and 420 food halls to offer M&S food, fashion, home and beauty products to its 32 million customers.
