Marks and Spencer (LON:MKS) have announced the names of the stores that are set to close as part of the high street chain’s restructuring plans.
The retailer announced the closure of 17 store locations last year, as it looks to streamline costs and revive its fortunes.
The closures are set to put as many as 1,000 jobs at risk, as the company looks to compelte the closure of 100 stores by 2022.
It also plans to cut the amount of space in stores dedicated to clothing, one of the worst performing divisions for the company.
Sacha Berendji, the M&S retail, operations and property director, commented on the closures:
“We’re continuing to transform M&S with pace and as part of this we are making good progress with our plans to close over 100 stores – radically reshaping our store estate to become more relevant for our customers.”
“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. Where we have closed stores, we are continuing to see an encouraging number of customers choosing other nearby locations and shopping on M&S.com.”
The stores named are as follows:
- Junction One Antrim Outlet
- Luton Arndale
- Sutton Coldfield
Shares in Marks and Spencer are down -0.65% as of 12:32PM (GMT).