BREAKING: Marks & Spencer stores to close

High Street giant Marks & Spencer has announced it is to close around 60 stores.

Tuesday, 8th November 2016, 8:45 am
Updated Wednesday, 16th November 2016, 3:52 pm
M&S stores are set to close
M&S stores are set to close

The firm also warned of more than 2,100 job losses under plans to axe 53 overseas shops.

The retailer said the UK closures come as part of an overhaul which will affect around 100 stores as it looks to cut back on its clothing and home lines while boosting its Simply Food chain.

Details of the restructure came as it said underlying pre-tax profits fell 18.6 per cent to £231.3 million in the six months to October 1, while bottom-line profits crashed 88.4 per cent to £25.1 million.

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Details of which stores will be affected have not yet been announced.