Marks & Spencer will shut three stores this week after announcing raft of closures with 67 set to go over the next five years..is your local branch affected?
- Three M&S shops closing – Middlesborough, Deansgate and Castleford stores
- The trio of branches are among 67 being axed over the next five years in plans
Marks & Spencer has announced it is closing three of its shops.
The High Street favourite has called time on a trio of branches in the north.
Families will no longer be able to visit the shop in Linthorpe Road, Middlesborough, from April 15.
And customers in Yorkshire are going to be hit by a double-whammy of closures.
Deansgate, Bolton, is closing on April 15, while Castleford, West Yorkshire, is closing on April 22.
Marks & Spencer has said it is going to shut 67 stores over the next five years.
Seven ‘lower productivity, full line stores’ are set to have the shutters pulled down for good – but the closures are still undergoing consultation
But it has insisted it is going to open 104 food shops.
Recently-appointed M&S chief executive Stuart Machin said the retailer aims to have 180 ‘full-line’ shops selling food, clothing and homeware products by early 2028 – down from 247.
M&S said in October that it would be closing 67 shops across the country in an effort to save £300million – including cutting down a £100million energy bill.
M&S chief executive Mr Machin said the retailer aims to have 180 ‘full-line’ shops selling food, clothing and homeware products by early 2028 – down from 247.
Deansgate, Bolton, is closing on April 15, leaving families living in the town without an M & S
The Castleford M&S is another store due to close in the coming weeks as the retail giant shuts a number of full-line outlets
Around 80 per cent of M&S’s energy usage comes from its stores, with the closures helping to save costs by reducing the use of refrigerators and lights. Staffing costs are also understood to have risen by seven per cent.
The plan is set to take place over the next five years, but bosses are aiming for it to be completed in three.
It will result in a 20 per cent reduction in retail space dedicated to clothing and home products, amid significant online growth.
M&S has not detailed which locations or how many jobs will be affected by the plans.
But the move will also see the retailer open 104 more Foodhalls over the same period, with many expected to reopen in the same area or location as sites earmarked for closure.
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