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100 M&S Stores To Close

Tuesday, May 22, 2018

GMB RESPONDS TO REPORTED CLOSURE OF 100 M&S STORES

This is a sad reflection on the flat-lining economy and continued slump in consumer purchasing says GMB

GMB, Britain’s general union, has responded to reports 100 Marks and Spencer stores are set to close.

M&S plans to close 100 stores by 2022 and move a third of its sales online, with the closures affecting a total of 872 employees. [1]

Gary Carter, GMB National Officer, said:

“Staff across the retail sector will be shocked that a big name such as M&S is planning to close 100 stores.

“This is a sad reflection on the flat-lining economy and the continued slump in consumer purchasing due to long-term squeeze on incomes.

“It’s the latest bad news in a shocking year for Britain’s high street and comes on the back of the collapse of Toys ‘R’ Us and the consolidation in the food sector with the proposed merger of ASDA and Sainsbury’s.

The loss of M&S stores will hit local economies and communities hard. Britain needs a pay rise to get consumer shopping going and employers need to invest in stores and the customer experience with well trained and fairly paid employees 

ENDS

Contact: GMB Press Office on 07958 156846 or at press.office@gmb.org.uk

Notes to editors:

[1] http://www.bbc.co.uk/news/business-44197128

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