Marks & Spencer to close 100 UK stores by 2022

LONDON: British retailer Marks & Spencer said on Tuesday it plans to close over 100 stores in its home market by 2022, accelerating a program to re-shape its store estate as more sales move online.
M&S has so far closed 21 stores in a store estate restructuring program to reduce space devoted to clothing and home it first outlined in 2016.
It said it had identified a further 14 stores for closure.
M&S also said 15 fewer owned Simply Food stores would open this year as its food opening program is scaled back.