Will Welwyn Garden City's Marks and Spencer be affected by nationwide changes?
PUBLISHED: 10:01 08 November 2016 | UPDATED: 10:01 08 November 2016
Retailer Marks and Spencer has announced it will close around 60 clothing and home stores over the next five years, and it is not yet known whether the Welwyn Garden City store will be affected.
The store, which sells clothes, homeware and food, announced today that the business is struggling due to declining sales of clothing and homeware.
Several stores in the UK will shut down completely while others may be downsized or replaced with Marks and Spencer’s Simply Food stores.
A spokeswoman for Marks and Spencer said: “We have a five year action plan, so we don’t yet know which individual stores will be affected.”
Steve Rowe, Marks and Spencer CEO, said: “In May, we laid out a number of questions which we would answer as part of our strategic review.
“We committed to creating a simpler business with customers at its heart, and taking action to start to recover our clothing and home business and continue to grow in food.
“Our aim is to build a sustainable business which will delight our customers, provide a robust foundation for future growth and deliver value for our shareholders in the long term.”