Distribution centre will serve M&S Food division
Marks & Spencer has struck a deal with lenders on a £1.1bn credit line until end of 2021
The warehouses, in Long Eaton, Derbyshire, and Thorncliffe, Sheffield, will close next year
New 60,000 sq ft shop will open at British Land’s Giltbrook Retail Park in summer 2020.
A 304,000 sq ft warehouse in Purfleet will house a robotic packaging facility
M&S to open 40,000 sq ft anchor store at Hammerson’s Ravenhead Retail Park near Liverpool.
Gaw Capital put the property up for sale on behalf of its owners last year.
The 17 closures will affect 1,045 jobs
Like-for-like sales at Marks & Spencer were down by 2.2% during the 13 weeks to 29 December.
Marks & Spencer is closing its store in Covent Garden, WC2, and will vacate the premise in March 2018
Marks & Spencer has posted a 1.2% fall in clothing and home sales, with overall like-for-like UK sales down by 0.5% for the first quarter
Marks & Spencer’s pretax profits fell by 64% in the year ended April 1, with poor clothing sales and costs of store openings slowing the retailer’s performance