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Marks & Spencer stores that could close in South London as company starts ‘streamlining’

Marks & Spencer stores that could close in South London as company starts ‘streamlining’
May 24, 2018 Shaking Hands 0 comments
This post was first published by Croydon Advertiser on 23/05/2018.

Marks & Spencer stores that could close in South London as company starts ‘streamlining’

21 stores across the country have already shut.

Retailer Marks & Spencer has unveiled plans to close more than 100 of its stores by 2022 in a bid to accelerate a reorganisation programme it claims is “vital” to its future.

The closures will mostly affect its clothing and retail stores, several of which have been guilty of under-performing in recent years.

This latest move is part of a five-year plan lead by chairman Archie Norman and chief executive Steve Rowe, who are aiming to turn around the company’s fortunes.

Closing stores and shutting distribution centres has been their main way of saving money, and it is all part of a wide-ranging efficiency drive as the company’s financial performance deteriorates.

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.”

The announcement comes a day before the retailer is expected to unveil another troubling set of annual figures.

Wednesday’s (May 22) results are set to show that underlying pre-tax profit across the group fell 6% to £573 million.

Of the 100 set to close, 21 have already shut, and the next 14 to shut have now been revealed.

The only south London store so far announced as closing is the food store on Putney High Street.

But Croydon is not likely to lose its town centre store, given the retailer is reported to have agreed a deal to have a new anchor store as part of the Westfield/Hammerson development to replace its current North End outlet.

Below is a list of all the M&S store in south London that might be affected.

Croydon

Mitcham Road BP

Croydon University Hospital

Shirley BP

Wrythe Carshalton BP

Addington Croydon BP

Cambridge Road Carshalton BP

St Helier Hospital

Steatham High Road Foodhall

West Wickham Simply Food

Beckenham Simply Food

Sutton

Sutton Rail Simply Food

Colliers Wood

Streatham Hill Foodhall

Goddington BP

Godstone Road Whyteleafe BP

St George’s Hospital Simply Food

Trinity Road Wandsworth BP

Downham Bromley BP

Wimbledon Chase BP

Wimbledon Simple Food

Bromley

Clapham South Simply Food

Dulwich Foodhall

Brixton

Widmore Bromley BP

Kings College Hospital

Southfields Foodhall

Clapham

Clapham Junction Rail Simply Food

Rosetta Orpington BP

Wandsworth BP

Lewisham

Lee Lewisham BP

Mottingham BP

London Walworth Road

Tolworth Simply Food

Greenwich Simply Food

St Thomas’ Hospital Simply Food

Richmond

Richmond Rail Simply Food

Kew

Barnes Foodhall

Kingston

Surbiton Simply Food

Woolwich Foodhall

Bexleyheath

Sidcup A223 BP

Crownwood Connect BP

Charlton

Blackheath Simply Food

Trafalgar Greenwich BP

London More Riverside Simply Food

London Bridge Rail Simply Food

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