Economy

M&S names next 17 stores it wants to close

M&S names next 17 stores it wants to close

Marks and Spencer closed its store in Newmarket in August, and its store on Pier Avenue in Clacton Town Centre in November, and that premises is still now vacant.

It is believed the latest cull will impact 1,045 members of staff. M&S have already closed 30 stores while another 25, including today's list, have been announced.

Marks & Spencer is to close another 17 stores with the potential loss of 1,045 jobs as it continues to cut costs as part of its turnaround plan.

A spokesman said that when similar closures had taken place, 80% of staff had stayed with the business and had accepted roles elsewhere.

There was widespread concern expressed in the latest towns and cities impacted by the closure programme, many of whom have seen other large-scale retail operations abandon their high streets.

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That new store would have offered the full gambit of M&S product ranges - clothing, home and food - but M&S then ditched those plans during turbulent times in a rich trading history in favour of just a foodhall and click-and-collect internet purchasing.

Mr Berendji added: "Proposing to close stores is never easy, for our colleagues, customers or the local community, but it is vital for the future of M&S".

No closures are planned in our region although the store in Felixstowe, Suffolk, will close.

Gary Carter, national officer of the GMB Union, said: "Employees across the sector will be very anxious about their job security and wondering which retailer will be next to shed jobs or close down".

M&S first said it would close stores in November 2016, before ramping up the programme in May 2018.