KentOnline

bannermobile

News

Sport

Business

What's On

Advertise

Contact

Other KM sites

CORONAVIRUS WATCH KMTV LIVE SIGN UP TO OUR NEWSLETTERS LISTEN TO OUR PODCASTS LISTEN TO KMFM
SUBSCRIBE AND SAVE
Business

Marks and Spencer announces store closures

By: Amy Tregenna atregenna@thekmgroup.co.uk

Published: 14:49, 12 October 2022

Updated: 16:49, 12 October 2022

High street retailer Marks and Spencer has announced that it will close 67 stores in the next five years, leaving its Kent branches at risk.

The company announced that it would close 67 of its "lower productivity, full line stores", and will open 104 new Simply Food stores.

Marks and Spencer in Week Street, Maidstone

The closures will make up one in four of its bigger stores selling clothing and homeware. The firm told investors that it aims to have just 180 full-line shops by 2028, compared to its current 247.

The retailer has a large number of stores in Kent, including at Bluewater, Canterbury and Westwood Cross.

In January this year, the company's branch in Week Street, Maidstone, closed permanently.

Read more!

More to follow.

Read more

More by this author

sticky

© KM Group - 2024