M&S set to announce store closures in turnaround plan – BBC News

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Marks and Spencer is anticipated to reveal the closure of a variety of UK shops next week as part of strategies to reverse business.

M&S president Steve Rowe is likewise anticipated to reveal a shake-up of its global operations.

Mr Rowe will supply an upgrade on the seller’s most current trading efficiency on Tuesday.

Smaller M&S branches in weaker High Streets are anticipated to bear the impact of the cuts.

According to Sky News, the closures would number in the “low lots” while other stores will reallocate area far from clothes to its more effective food operations.

M&S has more than 300 full-range websites and almost 600 Simply Food stores.

Mr Rowe, who took control of the leading task in April, stated that enhancing clothes and homeware sales was his top priority.

He described the very first part of his method in May, consisting of cost cuts and promos to assist win consumers back that were anticipated to damage earnings in the short-term.

In July, the group published its worst quarterly sales figures for a years.

His focus will now rely on the size of the seller’s UK shop portfolio, and the global department where revenues dropped in 2015.

Like numerous other merchants, M&S is coming to grips with altering shopping practices as increasing varieties of purchases are made online.

It is currently attempting to streamline its service by cutting numerous tasks at its head workplace in London.

A spokesperson for M&S decreased to comment.

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