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UK RETAILER MARKS and Spencer has announced that it will shut more than 100 “underperforming” UK stores in an ongoing restructuring of the company.
The high-street chain has expanded its closure plans as it aims to shift at least a third of sales online, the group announced in a statement.
The London giant did not specify the number of job losses – but thousands of positions are believed to be at risk, according to media.
“M&S will now close over 100 stores in total by 2022, including 21 that have already closed and the 14 stores that are announced today as proposed for closure or set to close,” the company said.
No Irish stores will be affected as part of the move.
When asked whether the announcement will affect its Irish branches, an M&S spokesperson said:
It is a UK programme. It would include Northern Ireland but not Ireland.
M&S had in November 2016 launched a five-year overhaul of its UK stores amid fierce competition from supermarkets and budget garment chain Primark (Penneys in Ireland) – as well as online giants like Amazon. The restructuring was accelerated last last year.
“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,” said Sacha Berendji, M&S retail, operations and property director.
The retailer, which had a total of 1,035 stores at the end of its 2017/2018 financial year, will publish its annual results tomorrow.
- © AFP 2018 With reporting from Cormac Fitzgerald
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Some bigger computer companies built in items to keep the mainframes at a certain speed then charged for speeding them up. An engineer would go out and remove a part which was like a restrictor on a car thus allowing the computer go faster. Charging plenty of money for doing so.
Most things have built in obsolescence now.
But car companies do the same thing. Same engine giving different power (or emissions cough VW) outputs depending on the software. Pay a mechanic to re-map the engine to get more power and sometimes more fuel efficiency from the engine.
You really wonder eh
This is why I put clean Ubuntu installations on my machines…
Installed linux mint yesterday on a VM as I normally use Mac and Ubuntu, mint is not a bad OS for anyone jumping across from Windows
I bought a new laptop from Dell recently with a “Killer” Nic. No linux drivers :( WIndows 10 makes me cry. So the laptop is using a wifi dongle until I can find time to work a solution.
Wouldn’t happen if ruth coppinger was at the helm :-o
All these things are easy to find if you have anything about pcs and can usually be fixed easily so that isnt the problem the problem is if yhe wrong person finds it
To be fair.. DELL rarely make this type of mistake
have your say