1. News
January 16, 2019

M&S UK store estate programme announces next 17 store closures

Marks & Spencer (M&S) has announced the next 17 stores it proposes to close as it restructures its M&S UK store estate, impacting 1,045 staff. The company said it will consult with affected staff aiming to retain as many as possible.

By Deborah Williams

Marks & Spencer (M&S) has announced the next 17 stores it proposes to close as it restructures its M&S UK store estate, impacting 1,045 staff. The company said it will consult with affected staff aiming to retain as many as possible.

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The 17 stores announced for closure are: Ashford, Barrow, Bedford, Boston, Buxton, Cwmbran, Deal, Felixstowe, Huddersfield, Hull, Junction One Antrim Outlet, Luton Arndale, Newark, Northwich, Rotherham, Sutton Coldfield and Weston-super-Mare.

M&S initially announced its UK store estate programme in 2016 and accelerated it in 2018, garnering unexpected levels of sales transfers from closures and and aiming to have one-third of sales online by 2022. M&S plans to close 100 stores in total including the 17 store closures announced today, 8 previously announced and the 30 stores already closed. The M&S UK store estate programme has impacted 1,891 staff,  with 1,591 (80%) being reassigned to other areas within the company.

M&S retail, operations and property director Sacha Berendji said: “We’re continuing to transform M&S with pace and as part of this we are making good progress with our plans to close over 100 stores – radically reshaping our store estate to become more relevant for our customers. Proposing to close stores is never easy, for our colleagues, customers or the local community, but it is vital for the future of M&S. Where we have closed stores, we are continuing to see an encouraging number of customers choosing other nearby locations and shopping on M&S.com.”

New clothing and food stores such as Kingsley Village Fraddon in Cornwall and Maidstone Eclipse will continue to open under the M&S UK store estate programme.

Free Whitepaper
img

What is the impact of historically high inflation on the UK consumer landscape?

The average UK consumer is experiencing a severe cost-of living crisis as inflation surges to a forty-year high and the price of goods continues to rise. This shock is the result of the sharply increasing costs of commodities, energy, and the ongoing conflict in Ukraine, and is threatening FMCG manufacturers, retailers, and foodservice operators’ ability to survive and grow. Inflation will have a profound effect on many consumer-facing industries in 2022 and beyond. Consult GlobalData’s new whitepaper, Inflation in the UK: The Impact of Historically High Inflation on the UK Consumer Landscape, to better understand shifts in consumer behavior and their impact on spending patterns, as well as the implications for UK businesses. This whitepaper covers:  
  • Why has global inflation returned with a vengeance?
  • What is the current inflation situation in the UK?
  • What impact is inflation having on UK retail sales?
  • What tactics are businesses relying on to tackle the effects of high inflation?
  • How are consumers changing their behaviors to cope with the higher cost of living?
  • Which industry sectors are most vulnerable to reduced consumer demand?
  • How is the government responding to high inflation?
  • How long will high inflation last in the UK?
  • How can your company survive and thrive in a high inflation environment?
Enter your details here to receive your free whitepaper and ready your business for these increasingly uncertain times.
by GD50 Custom
Enter your details here to receive your free Whitepaper.