Marks & Spencer: list of stores confirmed and earmarked for closure
Marks & Spencer is to close more than 100 stores by 2022 as it accelerates a transformation programme that will see thousands of jobs put at risk.
The closures will affect clothing and home stores, which have under-performed for several years.
The high street brand named 14 stores earmarked for closure on Tuesday, including its Northampton and Falkirk branches..
Five-year turnaround plan
The move is part of a five-year turnaround plan spearheaded by chairman Archie Norman and chief executive Steve Rowe.
They have been seeking to save costs through store closures and shutting distribution centres as part of a wide-ranging efficiency drive as the company's financial performance deteriorates.
Thousands of jobs are at risk following the announcement (Photo: Shutterstock)
Sacha Berendji, retail and property director at M&S, said: "We are making good progress with our plans to reshape our store estate to be more relevant to our customers and support our online growth plans.
"Closing stores isn't easy but it is vital for the future of M&S. Where we have closed stores, we are seeing an encouraging number of customers moving to nearby stores and enjoying shopping with us in a better environment, which is why we're continuing to transform our estate with pace."
Northampton, Falkirk and Fleetwood stores all set to close
Bayswater, Fleetwood Outlet in Lancashire and Newton Abbot Outlet in Devon will close by the end of July 2018. Clacton in Essex and Holloway Road will both close by early 2019.
Darlington, East Kilbride, Falkirk, Kettering, Newmarket, New Mersey Speke, Northampton, Stockton and Walsall are proposed for closure and will now enter a period of consultation with affected employees.
The announcement comes a day before the retailer is expected to unveil another troubling set of annual figures.
Wednesday's results are set to show that underlying pre-tax profit across the group fell 6% to £573 million.
Full list of Marks and Spencer shops closing
Stores closing by beginning of August 2018
BayswaterFleetwood (Outlet store)Newton Abbot (Outlet store)
Stores closing in early 2019
Stores earmarked for closure
DarlingtonEast KilbrideFalkirkKetteringNewmarketNew Mersey SpekeNorthamptonStocktonWalsall