Business

M&S to close 30 UK stores and cut back on clothing

Boss says revamp affects 25% of UK floorspace with more emphasis on food, and will also shut 53 overseas shops

Marks & Spencer is shutting 30 UK stores and converting 45 more into food-only shops as part of a major business overhaul that will slash the amount of shopfloor space devoted to its ailing clothing ranges.

The retailer’s new chief executive, Steve Rowe, said more than 100 UK stores were in the firing line as part of a wider shakeup designed to end a long-running slump in clothing sales and devote more space to its more successful food business. He outlined plans to open 200 new Simply Food outlets.

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