Marks & Spencer to close 30 more stores – will Mansfield town centre shop be safe?
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The company has already closed or relocated 59 shops and cut 7,000 jobs – and has reported big losses for last year as the pandemic took its toll on clothing sales.
M&S suffered a £201m pre-tax loss for the year to March 27 – compared to a £67m profit the year before.
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But food sales were up thanks to its Ocado tie-up, contributing to ‘a resilient financial performance in a year of disruption’.
Chad asked M&S if its Mansfield town centre store would be shut or kept open.
A company spokesperson said: “We haven’t made any announcements about any specific store closures and it’s worth bearing in mind that the information being shared in our results is about a long-term programme over several years which we keep constantly under review.”
Steve Rowe, chief executive at M&S, said: “In a year like no other we have delivered a resilient trading performance, thanks in no small part to the extraordinary efforts of our colleagues.
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Hide Ad“In addition, by going further and faster in our transformation through the Never The Same Again programme, we moved beyond fixing the basics to forge a reshaped M&S.
“With the right team in place to accelerate change in the trading businesses and build a trajectory for future growth, we now have a clear line of sight on the path to make M&S special again.
“The transformation has moved to the next phase.”