12/07/2022

Wales News Online

Local & National News for Wales

High Street ‘doom and gloom’ continues as M&S set to close 110 stores

THE retailer M&S is set to close another 110 stores after profits reportedly fell by nearly 10% to £523.2 million in 2019.

M&S has been trading for 130 years and joins the growing number of victims on the High Street and in shopping Malls having to cull their business as online shopping takes its toll.

Thirty five M&S stores have been closed to date with an expected 85 clothes stores and 25 Simply Food units closing by 2024.

Image Attribution: mailer_diablo [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)]

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