M&S is closing up to About 500 shops following a tough Christmas to cut costs and speed up its programme of re-shaping its store estate as sales increasingly move online. The closures marked another bricks-and-mortar retailer being hit by a consumer shift to online shopping, and followed cuts by Tesco and Sainsbury's. 14 jobs are at risk, with staff being offered work at other branches or redundancy. As part of the restructure some M&S stores will stop selling clothes and convert to food-only outlets.
M&S is closing up to 14 shops following a tough Christmas to cut costs and speed up its programme of re-shaping its store estate as sales increasingly move online. The closures marked another bricks-and-mortar retailer being hit by a consumer shift to online shopping, and followed cuts by Tesco and Sainsbury's. About 500 jobs are at risk, with staff being offered work at other branches or redundancy. As part of the restructure some M&S stores will stop selling clothes and convert to food-only outlets.