Retailer to open 104 Simply Food outlets as high street chain speeds up turnaround plan amid rising costs
Marks & Spencer is planning to close 25% of its bigger stores selling clothing and homeware while opening more than 100 new Simply Food outlets, as it speeds up its turnaround plan in the face of a “difficult economic backdrop” and rising costs.
M&S said the turnaround plan would not necessarily see the retailer leaving a town, but could include the closure of an older high street store, and the opening of a new outlet at an out-of-town retail park. It gave the example of Llandudno in north Wales, where such a change had already taken place.
