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22 May 2018
M&S Closures

Neath M&S store on secondary hit list

Marks & Spencer is closing one in three of its core clothing and home branches in a dramatic retreat from the UK high street that will trigger thousands of job losses.

M&S on Tuesday revealed the locations of the latest 14 stores to shut, affecting more than 600 jobs. It said the closures were vital for the future of the struggling retail business but Usdaw, the shopworkers’ union, accused M&S of “salami slicing” as staff came to terms with a third wave of store closures. 

The retailer has already closed 22 clothing stores, affecting about 900 jobs, as part of a “radical transformation” plan intended to tackle years of falling sales and profits. The cull is part of a plan announced 18 months ago by the chief executive, Steve Rowe, to slash the amount of shopfloor space devoted to M&S’s clothing ranges.

Source... The Guardian

 

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