Marks & Spencer will close three stores this week after announcing a series of closures, 67 of which will be over the next five years..is your local branch affected?
- Closure of three M&S stores: stores in Middlesbrough, Deansgate and Castleford
- The trio of branches are among 67 to be scrapped in plans over the next five years
Marks & Spencer has announced that it will close three more stores.
The High Street favorite has sued a trio of branches in the north.
Families will no longer be able to visit the shop on Linthorpe Road, Middlesbrough from 15 April.
And customers in Yorkshire will be hit with a double whammy of closures.
Deansgate, Bolton, closes on April 15, while Castleford, West Yorkshire, closes on April 22.
Marks & Spencer has announced it will close 67 stores over the next five years.
Seven ‘lower productivity, full-line stores’ will be shuttered for good – but the closures are still being discussed
But it has insisted it will open 104 new food stores.
M&S’s recently appointed CEO Stuart Machin said the retailer aims to have 180 ‘full-line’ stores selling food, clothing and home goods by early 2028 – down from 247.
M&S said in October it would close 67 stores across the country in a bid to save £300m – including cutting a £100m energy bill.
Deansgate, Bolton, closes on April 15, leaving families in the city without M&S
The Castleford M&S is another store set to close in the coming weeks as the retail giant closes a number of full-line outlets
About 80 percent of M&S’s energy consumption comes from its stores, with the closures helping to cut costs by reducing the use of refrigerators and lighting. Personnel costs would also have increased by 7 percent.
The plan will be implemented over the next five years, but the bosses aim to complete it in three years.
It will result in a 20 percent reduction in retail space for clothing and home products, amid significant online growth.
M&S did not detail which locations or how many jobs would be affected by the plans.
But the move will also see the retailer open an additional 104 Foodhallen during the same period, many of which are expected to reopen in the same area or location as locations earmarked for closure.