M&S store closures

The British retail giant's Russian arm, which is run by Turkish franchisees, operates 48 shops and 1200 employees.

Pictured: Plant in Samara, Russia 'We will continue to monitor and assess the situation as circumstances evolve.' - Nike - Starbucks - Pepsi - Cocoa-Cola - KFC - McDonald's The Russian lawyer offered to sell them back their name for $600,000, but the company refused. But Starbucks said the workers will continue to be paid for six months and receive help finding new jobs. 'Starbucks has made the decision to exit and no longer have a brand presence in the market.' 'As you can see from our shops, deliveries have stopped and goods are in short supply,' an IRG spokesperson said.

Leading British retailer M&S has announced that it is to close 32 of its town centre stores, saying that they are no longer viable and that the move.

This will help enable a further 32 store closures.” M&S to close 32 town centre stores no longer viable Image M&S Corporate M&S to close 32 town centre stores no longer viable

The move comes as the retail giant says such urban locations have "lost impetus". M&S blames this on "failed local authority or government policy" as well as ...

This will help enable a further 32 store closures." - 1M&S to close 32 stores as part of move away from town centres - Besthorpe BP, Attleborough bypass, Besthorpe

Retailer to shut 32 more stores in next three years, and expects profits to flatline in year ahead.

Rowe said M&S was “moving with the customer” as 40% of the group’s clothing and home sales were now online. Stores in travel hubs, including stations and airports, were down 39%, largely as a result of pandemic restrictions and the shift towards working from home. That compares with 10 new stores opened over the past year. The latest closures come on top of 68 full-line stores closed by M&S recent years. Sales at its Ocado joint venture were down 4% year-on-year as shoppers returned to buying groceries in stores. However, the group plans to move into 15 new full-line stores and 40 food outlets over the next three years.

The retailer has already closed 68 legacy full-line stores and 19 smaller food stores and is expecting 32 more closures. "We are now developing a growing ...

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Growth was driven by its Food business which has gone from being amongst the weakest performing grocery retailers in the UK to one of the best as moves to ...

Katie Bickerstaffe, the head of clothing and home, will be co-CEO but will report to Machin. He will hand over the role to Stuart Machin, the current head of its food division. M&S announced today that it will shut a further 32 more stores as it shifts away from town centres, saying many have “lost impetus” as a result of failed local authority or government policy. M&S stated that trading had been encouraging since early April, although it expects the financial pressures on customers to deepen over the rest of the year. Marks & Spencer has posted much improved annual results as it recovered from the effects of the pandemic and its turnaround programme yielded results. The division’s sales grew 10.8% to £6.6bn, whilst operating profits climbed 30.1% to £277.8m.

Marks & Spencer says it will close 32 more stores, blaming Brexit, the war in Ukraine and local and national government policies for hitting profits. The retail ...

The retailer is yet to confirm which stores could be affected. Ocado said it has benefitted from a rise in customer numbers, which have grown 12% in the year, but it highlighted that “the rate of growth has slowed as consumers respond to short-term discounts and promotions”, spurred on by the cost-of-living crisis. The retailer will raise £200m by selling old stores, as it said sales in city centres were down 14%, and in high streets, sales were down 8% on pre-pandemic levels.