MARKS & SPENCER TO CLOSE 60 STORES AS SALES CONTINUE TO FALL

摘要

Marks & Spencer has announced the planned closure of 60 stores as it announced financial results for the six months ending 1 October 2016. The retailer announced a further drop to its profits and confirmed that 30 of its UK stores will close. The business also announced plans to withdraw from ten countries. Additionally, 100 UK stores will be revamped in line with the business' plan to refocus its efforts on food as its fashion business continues to struggle. The plans will see 200 Simply Food stores open across the UK - 53 loss-making stores across the world will also close in the next year, in a bid to cut losses of ￡45m. However, M&S said that it would continue to serve consumers in these regions via franchise agreements.