M&S is stepping up its store rotation programme for this financial year, with plans for 16 new openings, nine extensions and 12 ‘renewals’ of existing sites.
The retailer announced an investment of over £300m in the programme at its annual general meeting today.
M&S said it was also considering over 300 new locations across the UK from Elgin to Exeter.
It aims to have 180 full-line stores and 420 Food Halls by 2028.
“This year we are stepping up the pace of our programme and investing over £300m to rotate and renew stores across the country,” said M&S CEO Stuart Machin.
“We have a rigorous strategy to make sure we have the right stores in the right places, and this year we will deliver 37 new and renewed stores with the best of our food, fashion and home & beauty to our 32 million customers.”
In the last year, M&S signed 47 deals for new and renewed stores to open by its 2028 financial year, according to the retailer.
No comments yet