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.
Mitcham Road BP
Croydon University Hospital
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 Rail Simply Food
Streatham Hill Foodhall
Godstone Road Whyteleafe BP
St George’s Hospital Simply Food
Trinity Road Wandsworth BP
Downham Bromley BP
Wimbledon Chase BP
Wimbledon Simple Food
Clapham South Simply Food
Widmore Bromley BP
Kings College Hospital
Clapham Junction Rail Simply Food
Rosetta Orpington BP
Lee Lewisham BP
London Walworth Road
Tolworth Simply Food
Greenwich Simply Food
St Thomas’ Hospital Simply Food
Richmond Rail Simply Food
Surbiton Simply Food
Sidcup A223 BP
Crownwood Connect BP
Blackheath Simply Food
Trafalgar Greenwich BP
London More Riverside Simply Food
London Bridge Rail Simply Food