MARKS and Spencer is planning to close 67 stores over the next five years as part of a major shake-up.
The high street retailer says it is closing some of its “lower productivity, full line stores”.
1
But M&S also announced that it will be opening 104 new food stores.
It comes after more than 30 stores closed during the pandemic as clothing and homes sales were hit.
The shake-up will take place over the next five years, but bosses say they are aiming for it to be completed in three.
Marks and Spencer is yet to confirm which stores will be closing.
In September, M&S announced it was to give thousands of workers their second pay rise this year.
It means a full-time customer assistants at M&S now earn over £100 more each month compared to October 2021.
This is higher than the current national living wage, which is £9.50 an hour for workers outside of London.
It comes as households are being hit with rocketing energy bills and soaring inflation as the cost of living crisis bites.
More to follow…Thesun.co.uk is your go to destination for the best celebrity news, football news, real-life stories, jaw-dropping pictures and must-see video.
For the latest news on this story keep checking back at Sun Online.
Download our fantastic, new and improved free App for the best ever Sun Online experience. For iPhone click here, for Android click here.
Like us on Facebook at www.facebook.com/thesun and follow us from our main Twitter account at @TheSun.
