M&S to shut a third of core store estate over a decade

Reuters2021-05-26

LONDON (Reuters) - Marks & Spencer (OTC:MAKSY) plans to have about 30% fewer combined clothing and food stores in 10 years time as more sales shift online, but will still open new shops when prime ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

JKJKJK
2021-05-26
JKJKJK
Pls like and comment.
- Dedpullx:
  ?
- lavin:
  Done
donnie991
2021-05-26
donnie991
Like and commend
- JKJKJK:
  Pls respond to my comment.
- lavin:
  Done
Matilda
2021-05-26
Matilda
Absolute carnage of retail businesses
Freddyd
2021-05-26
Freddyd
So sad
DeniseNg
2021-05-26
DeniseNg
Help comment please thank you
- tomatomashy:
  Comment bk comment pls
lavin
2021-05-26
lavin
Like my comment pls
- lavin:
  Ok
- lavin:
  Ok
- lavin:
  And comment pls
- tomatomashy:
  Comment bk commebt pla
- ShinyHead:
  comment back pls

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1163846912?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-05-26 20:45","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1163846912","market":"us","top_or_hot":-1,"title":"M&S to shut a third of core store estate over a decade","media":"Reuters","content":"<div>\n<p>LONDON (Reuters) - Marks & Spencer (OTC:MAKSY) plans to have about 30% fewer combined clothing and food stores in 10 years time as more sales shift online, but will still open new shops when prime ...</p>\n\n<a href=\"https://www.investing.com/news/stock-market-news/ms-to-shut-a-third-of-core-store-estate-over-a-decade-2516173\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>M&S to shut a third of core store estate over a decade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nM&S to shut a third of core store estate over a decade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-26 20:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investing.com/news/stock-market-news/ms-to-shut-a-third-of-core-store-estate-over-a-decade-2516173><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON (Reuters) - Marks & Spencer (OTC:MAKSY) plans to have about 30% fewer combined clothing and food stores in 10 years time as more sales shift online, but will still open new shops when prime ...</p>\n\n<a href=\"https://www.investing.com/news/stock-market-news/ms-to-shut-a-third-of-core-store-estate-over-a-decade-2516173\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MAKSY","symbol_name":"Marks & Spencer Group Plc","start_time":0,"source_url":"https://www.investing.com/news/stock-market-news/ms-to-shut-a-third-of-core-store-estate-over-a-decade-2516173","article_id":"1163846912","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1163846912","pubTimestamp":1622033107,"sourceInfo":null,"weMediaInfo":null,"summary":"LONDON (Reuters) - Marks & Spencer (OTC:MAKSY) plans to have about 30% fewer combined clothing and f","collect":0,"end_time":0,"defaultTopTitle":"investing.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"MAKSY":"Marks & Spencer Group Plc"},"translate_title":"M&S将在十年内关闭三分之一的core store estate","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MAKSY":0.9},"content_text":"LONDON (Reuters) - Marks & Spencer (OTC:MAKSY) plans to have about 30% fewer combined clothing and food stores in 10 years time as more sales shift online, but will still open new shops when prime sites - like six former Debenhams outlets - become free, it said on Wednesday.\nThe British retailer, in the midst of its latest turnaround attempt after decades of failed reinventions, has closed or relocated 59 such \"full line\" stores over the last three years, leaving it with 254.\nIts new target is to have a fully modernised core of about 180, in addition to its chain of food-only stores.\nCEO Steve Rowe said that would be achieved by \"rotating the estate\" at 110 locations. About 35 full line stores will be relocated, about 45 will become food stores and about 30 sites will be exited over a ten year period, he told reporters after M&S published 2020-21 results.\n\"The market dynamics have changed and the effect of the pandemic means that we need to move faster,\" Rowe said.\n\"The good news is that there has rarely been a better time to acquire new space.\"\nRowe said M&S has 17 new or extended full line stores in planning, including six former Debenhams sites, in the next two years.\nDebenhams collapsed in December, with its last stores closing earlier this month.\nTo help fund the store estate plans, M&S plans to raise at least 200 million pounds ($283 million) by redeveloping freehold and long leasehold stores, including its flagship Marble Arch store in central London.\n\"We're committed to stores and believe they could be a true source of competitive advantage, but they do need to be the right stores in the right location with the right services and they have to work with online,\" added Rowe.\nM&S estimated the cash costs of the programme at about 260 million pounds.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":136496418,"gmtCreate":1622034171034,"gmtModify":1704178195210,"author":{"id":"3581988841626176","authorId":"3581988841626176","authorIdStr":"3581988841626176","name":"JKJKJK","avatar":"https://static.tigerbbs.com/882030abc3e0ffb1122b6a566ab01832","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581988841626176"},"htmlText":"Pls like and comment.","listText":"Pls like and comment.","text":"Pls like and comment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/136496418","repostId":1163846912,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4457888,"gmtCreate":1622035065979,"gmtModify":1680791116078,"authorId":3582314801492591,"author":{"id":3582314801492591,"authorId":3582314801492591,"name":"Dedpullx","avatar":"https://static.tigerbbs.com/0c7583d3a74df175dfd77e7d745d6c81","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":136496418,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"},{"id":4457866,"gmtCreate":1622034894920,"gmtModify":1680791111060,"authorId":3574887882529371,"author":{"id":3574887882529371,"authorId":3574887882529371,"name":"lavin","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":136496418,"type":1,"supId":0,"prevId":0,"content":"<u>Done</u>","text":"<u>Done</u>","html":"<u>Done</u>"}],"langContent":"EN"},{"id":136496932,"gmtCreate":1622034134626,"gmtModify":1704178193902,"author":{"id":"3574808590725358","authorId":"3574808590725358","authorIdStr":"3574808590725358","name":"donnie991","avatar":"https://static.tigerbbs.com/2aa0229645cabfe6cf50a23e765c1a12","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3574808590725358"},"htmlText":"Like and commend","listText":"Like and commend","text":"Like and commend","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/136496932","repostId":1163846912,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4457737,"gmtCreate":1622034163169,"gmtModify":1680791114829,"authorId":3581988841626176,"author":{"id":3581988841626176,"authorId":3581988841626176,"name":"JKJKJK","avatar":"https://static.tigerbbs.com/882030abc3e0ffb1122b6a566ab01832","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":136496932,"type":1,"supId":0,"prevId":0,"content":"Pls respond to my comment. ","text":"Pls respond to my comment. ","html":"Pls respond to my comment. "},{"id":4457856,"gmtCreate":1622034873058,"gmtModify":1680791110829,"authorId":3574887882529371,"author":{"id":3574887882529371,"authorId":3574887882529371,"name":"lavin","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":136496932,"type":1,"supId":4457737,"prevId":0,"content":"<u>Done</u>","text":"<u>Done</u>","html":"<u>Done</u>"}],"langContent":"EN"},{"id":136498770,"gmtCreate":1622034119190,"gmtModify":1704178193577,"author":{"id":"3562299666283137","authorId":"3562299666283137","authorIdStr":"3562299666283137","name":"Matilda","avatar":"https://static.tigerbbs.com/a56b449b5f02707f34ba8f83016060ef","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3562299666283137"},"htmlText":"Absolute carnage of retail businesses","listText":"Absolute carnage of retail businesses","text":"Absolute carnage of retail businesses","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/136498770","repostId":1163846912,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":136491388,"gmtCreate":1622034027044,"gmtModify":1704178191298,"author":{"id":"3574854386909318","authorId":"3574854386909318","authorIdStr":"3574854386909318","name":"Freddyd","avatar":"https://static.tigerbbs.com/7967e4125926fdf32d9965f6fe32519d","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3574854386909318"},"htmlText":"So sad","listText":"So sad","text":"So sad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/136491388","repostId":1163846912,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":136407244,"gmtCreate":1622033717388,"gmtModify":1704178188205,"author":{"id":"3577676548650491","authorId":"3577676548650491","authorIdStr":"3577676548650491","name":"DeniseNg","avatar":"https://static.tigerbbs.com/11948e7ce98e042a57f07cfa672f07eb","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3577676548650491"},"htmlText":"&nbsp;Help comment please thank you","listText":"&nbsp;Help comment please thank you","text":"Help comment please thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/136407244","repostId":1163846912,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4457696,"gmtCreate":1622033900753,"gmtModify":1680791101510,"authorId":3575037711303784,"author":{"id":3575037711303784,"authorId":3575037711303784,"name":"tomatomashy","avatar":"https://static.tigerbbs.com/b4ef93593819bb14a7f75712dc04c3a6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":136407244,"type":1,"supId":0,"prevId":0,"content":"Comment bk comment pls","text":"Comment bk comment pls","html":"Comment bk comment pls"}],"langContent":"EN"},{"id":136404501,"gmtCreate":1622033656803,"gmtModify":1704178185598,"author":{"id":"3574887882529371","authorId":"3574887882529371","authorIdStr":"3574887882529371","name":"lavin","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574887882529371"},"htmlText":"Like my comment pls","listText":"Like my comment pls","text":"Like my comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/136404501","repostId":1163846912,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4457859,"gmtCreate":1622034879710,"gmtModify":1680791111721,"authorId":3574887882529371,"author":{"id":3574887882529371,"authorId":3574887882529371,"name":"lavin","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":136404501,"type":1,"supId":4457702,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"},{"id":4457862,"gmtCreate":1622034886144,"gmtModify":1680791110345,"authorId":3574887882529371,"author":{"id":3574887882529371,"authorId":3574887882529371,"name":"lavin","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":136404501,"type":1,"supId":4457703,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"},{"id":4457672,"gmtCreate":1622033692695,"gmtModify":1680791109738,"authorId":3574887882529371,"author":{"id":3574887882529371,"authorId":3574887882529371,"name":"lavin","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":136404501,"type":1,"supId":0,"prevId":0,"content":"And comment <u>pls</u>","text":"And comment <u>pls</u>","html":"And comment <u>pls</u>"},{"id":4457702,"gmtCreate":1622033925519,"gmtModify":1680791101269,"authorId":3575037711303784,"author":{"id":3575037711303784,"authorId":3575037711303784,"name":"tomatomashy","avatar":"https://static.tigerbbs.com/b4ef93593819bb14a7f75712dc04c3a6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":136404501,"type":1,"supId":0,"prevId":0,"content":"Comment bk commebt pla","text":"Comment bk commebt pla","html":"Comment bk commebt pla"},{"id":4457703,"gmtCreate":1622033925568,"gmtModify":1663227374240,"authorId":3572181194739535,"author":{"id":3572181194739535,"authorId":3572181194739535,"name":"ShinyHead","avatar":"https://static.tigerbbs.com/25c5f19e5eb1e6eb4439fe9d225fae92","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.04.06","exceedPercentage":"93.87%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":136404501,"type":1,"supId":0,"prevId":0,"content":"comment back <u>pls</u>","text":"comment back <u>pls</u>","html":"comment back <u>pls</u>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":24,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.27.0","shortVersion":"4.27.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1163846912"}