Marks and Spencer eyes shop closures with future of Berkshire stores uncertain
A RETAILER has announced it will be closing 30 stores and switching others to food-only shops following a tough year for retail due to Covid-19.
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A RETAILER has announced it will be closing 30 stores and switching others to food-only shops following a tough year for retail due to Covid-19.
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The group told shareholders that total revenues dropped despite growth in its food business.
Steve Rowe, CEO of the UK high street chain, said: 'In a year like no other we have delivered a resilient trading performance, thanks in no small part to the extraordinary efforts of our colleagues.
M&S made a pre-tax loss of £201.2m last year as clothing sales suffered, but food sales rose.