Brands &; spencer

Marks & Spencer threatens to give up Oxford Street if it can't tear down Marble Arch store

Marks & Spencer threatens to give up Oxford Street if it can’t tear down Marble Arch store

Marks & Spencer has pledged to abandon its flagship Marble Arch store if plans to destroy the building are blocked. The high-end retailer has warned it will leave the Oxford Street shopping district if it fails to demolish the Art Deco landmark and replace it with a new 10-storey retail and office building. At a …

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M&S to close quarter of largest stores as it battles rising costs

M&S to close quarter of largest stores as it battles rising costs

Marks & Spencer is closing one in four of its biggest stores as it seeks to save hundreds of millions of pounds on rent. M&S told investors it was accelerating department store closure plans in the face of a “challenging economic backdrop”. It had planned to close 67 of its full-line stores, which stock clothing …

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