SinfrasSinfras
Aa
  • Home
  • Diet
  • Gadgets
  • Sports
  • Education
  • Social Media
  • Clothing
  • News
  • Contact Us!
  • Privacy Policy
Reading: M&S to close clothing and home stores in turnaround plan
Share
Aa
SinfrasSinfras
Search
  • Home
  • Diet
  • Gadgets
  • Sports
  • Education
  • Social Media
  • Clothing
  • News
  • Contact Us!
  • Privacy Policy
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Sinfras > Clothing > M&S to close clothing and home stores in turnaround plan
Clothing

M&S to close clothing and home stores in turnaround plan

Saheli
Last updated: 2016/11/08 at 7:37 PM
By Saheli 1 Min Read
Share

M&S has announced it will close 30 UK clothing and homeware shops and convert dozens more into food stores.

Chief executive Steve Rowe’s turnaround plans will also see it open 200 new Simply Food stores as it shifts away from disappointing fashion sales.

He said M&S also planned to close loss-making shops in 10 international markets, including China and France.

The announcements came as M&S reported falling sales and profits in the six months to the end of September.

Mr Rowe said of the UK store closures: “This is about building a sustainable, more profitable business that’s relevant for our customers in a digital shopping age.”

He would not be drawn on job losses or which stores would close, amid warnings from trade unions that staff would be “extremely concerned” about where the axe will fall.

In total M&S said it would have about 60 fewer clothing and homeware stores in five years’ time.

[Source:-BBC]

Share this:

  • Reddit
  • Tweet
  • Share on Tumblr
  • WhatsApp
TAGGED: and, Close, clothing, Home, in, Ms., Plan, Stores, to, Turnaround
Saheli November 8, 2016
Previous Article M&S to close 30 UK stores and cut back on clothing
Next Article Where to Buy Good Maternity Clothes

Latest News

Ten Reasons to Give Blogs Priority Over Social Media in 2025
Social Media
Education loan Interest Rates in India to Study Abroad
Uncategorized
Google and University of Michigan are bringing AI job-ready skills to all U-M students
Education
The Role of Artificial Intelligence (AI) in K-12 Professional Development
Education

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?