By REBECCA PERRING, EXPRESS, UK
MARKS and Spencer has announced the closure of 100 stores due to under-performance for several years, the high street company has confirmed.
The popular UK department store has faced another crippling year as it struggles to compete with bargain stores and online retailers.
M&S has named 14 stores which are earmarked for closure on Tuesday, with 21 already having shut.
Sacha Berendji, retail and property director at M&S, said closing stores was “vital” for the future of the high street favorite, with all 100 closures expected by 2022.
She said: “We are making good progress with our plans to reshape our store estate to be more relevant to our customers and support our online growth plans.
“Closing stores isn’t easy but it is vital for the future of M&S. Where we have closed stores, we are seeing an encouraging number of customers moving to nearby stores and enjoying shopping with us in a better environment, which is why we’re continuing to transform our estate with pace.”
The closures will affect its clothing and home stores, which have underperformed for several years.
The High Street is taking a battering over recent months, with Carpet right, New Look, Toys ‘R’ Us and Maplin all announcing major closures in towns across the country this year.
Bayswater, Fleetwood Outlet and Newton Abbot Outlet will close by the end of July 2018.
Clacton and Holloway Road will both close by early 2019.
Darlington, East Kilbride, Falkirk, Kettering, Newmarket, New Mersey Speke, Northampton, Stockton and Walsall are proposed for closure and will now enter a period of consultation with all 626 affected employees.