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High street name with over 1,000 stores disappearing from 2 locations TODAY

25 May 2024 , 09:04
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The move comes despite the company reporting soaring profits just days ago.
The move comes despite the company reporting soaring profits just days ago.

A BELOVED high street name with over 1,000 stores will disappear from two locations today in a move dubbed a "crying shame" by shoppers.

The brand has been a staple of British towns for almost 150 years but a "turnaround plan" is set to see a total of 67 sites close into next year.

A pair of M&S sites are set to close within hours (stock image) eiqrkirtiqdqprw
A pair of M&S sites are set to close within hours (stock image)Credit: Getty
Branches in Sunderland and Hexham will shut their doors for the final time today
Branches in Sunderland and Hexham will shut their doors for the final time todayCredit: Google maps

Marks & Spencer CEO Stuart Machin has set about overhauling the legendary department chain in a bid to right the ship after several years of financial struggles.

The project has seen significant investment into the company's food and clothing output, as well as its supply chain.

However, it has also been accompanied by swinging cuts to underperforming stores.

Marks and Spencer launch new Plant Kitchen items including pizza, cake and curryMarks and Spencer launch new Plant Kitchen items including pizza, cake and curry

A total of 67 are set to close in waves running into 2025, with the latest affecting two stores in the North East.

Our plan is working

Stuart MachinCEO, Marks & Spencer

The city centre branch in Sunderland and the smaller site in Hexham, Northumberland, will shut their doors for good within hours.

Shoppers were left devastated by the decision, with one describing it as a "crying shame".

Norma, an 84-year-old M&S regular in Sunderland told BBC News: "I feel very emotional, it’s been here all my life.

"We come here every week, it’s certainly going to change how often I come into the town centre.

"I won’t be coming in as often which is sad."

And Joe Morris, the Labour candidate in Hexham for the upcoming General Election, called the closure "a blow to Hexham and Tynedale" and "another example of the decline that this area has seen."

He added: "I used to walk through Hexham and see a thriving high street, but now it's peppered with empty shop fronts.

"Shoppers have lost choice and there is real concern over the future of the site."

Full list of January sales including up to 80% off Asos, M&S and John LewisFull list of January sales including up to 80% off Asos, M&S and John Lewis

The closures come despite the company's revival plan seemingly already starting to bear fruit.

Just last week, M&S reported its first dividend since 2019 as profits shot up by 58% to over £716 million, a rise much larger than had been expected.

Shares in the brand also rose by 10% to a six-year high.

Mr Machin said: "This trading momentum gives us wind in our sails and confidence that our plan is working."

Philip Barker-Thomson, M&S Regional Manager, added: “We want to thank all our customers and colleagues in our Hexham and Sunderland stores.

“Shopping habits are changing and our store rotation programme is about making sure we have the right stores, with the right space to offer the best possible shopping experience.

“Over the last year, we have invested £13 million in our stores across the North East, including renewing our Newcastle store, and we are fortunate to work with over 280 Select Farm partners in the region.

“This year we expect to open up to four new full-line stores and nine new foodhalls across the UK, including our brand-new 43,000 sq ft full-line The Galleries store in Washington next week.

“The store will offer the very best of M&S Food and our latest Clothing collections, as well as being run on 100% electric energy as part of our commitment to become a net zero business by 2039/40.

Shoppers dubbed the move a 'crying shame'
Shoppers dubbed the move a 'crying shame'Credit: Google maps

Jacob Jaffa

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