May 26, 2021

M&S to close 30 more shops as Ocado deal pays off

M&S has already closed or relocated 59 main stores, as well as cutting 7,000 jobs across stores and management. The High Street stalwart currently has 254 full-line stores, selling clothing, homewares and food. The group will open 17 new or expanded main stores over the next two years, including a number of former Debenhams sites. The 137-year-old chain said clothing and homeware sales had fallen by 31.5%, reflecting the "Heavy impact" of lockdowns on stores. The store chain also took heart from improved figures in its food division as its tie-up with online grocer Ocado took effect.

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