Marks & Spencer set to close 14 stores putting 468 jobs at risk

Photo by Dan Kitwood/Getty Images.

Marks & Spencer has announced plans to close 14 stores in the second phase of its transformation plan, putting hundreds of jobs in the firing line.

Six stores will close by the end of April: Birkenhead, Bournemouth, Durham, Fforestfach, Putney and Redditch, with all employees moving to nearby stores.

A further eight stores are proposed for closure: Andover, Basildon, Bridlington, Denton (Outlet), Falmouth, Fareham, Keighley and Stockport.

Story continues below
Advertisement

M&S said 468 colleagues are affected by the proposals and will now enter a period of consultation.

It added that should these stores close, employees would be redeployed or offered redeployment at other stores before redundancy is considered.

The news comes 14 months after Marks & Spencer announced its intention to reposition 25% of clothing and home space through a combination of downsizes, relocations and conversations to food-only stores.

Sacha Berendji, director of Retail at Marks & Spencer, said: “We’re committed to transforming M&S for our customers, colleagues and shareholders. Stores will always be an integral part of our customer experience, alongside M&S.com, but we have to ensure we have the right offer in the right locations.

“We don’t want any colleagues to leave M&S and we will work with each colleague individually on what is best for them as we endeavour to give everyone a role. However, we accept in some cases we may have to consider redundancy.

“We believe these changes are vital for the future of M&S and we will continue to accelerate the programme, taking tough but necessary decisions, as we focus on making M&S special.”

Authors

*

Related posts

Top