M&S branches in Ipswich and Bury St Edmunds at risk
Marks & Spencer has announced it will close 30 stores after making a £201million loss — putting the future of Suffolk's stores in doubt.
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Marks & Spencer has announced it will close 30 stores after making a £201million loss — putting the future of Suffolk's stores in doubt.
Marks & Spencer is set to close more stores after seeing a slump in profits due to the impact of Covid lockdowns.
M&S shareholders have been in for a turbulent time over the last few years and despite a rebound, its share price remains around 36 per cent lower than two years ago.
The 30 planned closures are part of a company-wide shake-up of around 110 stores which will see the majority of sites set for relocation.
The 30 planned closures will be part of a shake-up of around 110 stores.