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Author: Stockford Anderson

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M&S Marks & Spencer is planning to close 14 stores and cut hundreds of jobs. The six stores to close in April are Birkenhead, Bournemouth, Durham, Fforestfach in Swansea, Putney and Redditch. A further eight stores have been earmarked for closure, including: Andover, Basildon, Bridlington, Denton outlet store, Falmouth, Fareham, Keighley and Stockport. Sacha Berendji, M&Sís retail operations director, commented: ďStores will always be an integral part of our customer experience, alongside M&S.com, but we have to ensure we have the right offer...

Aberdeen Asset Management and development partner Exton Estates have begun the development of a 180,000 sq ft retail and business park in Chelmsford after signing prelet deals with M&S Simply Food and Aldi who have agreed to take a total of more than 30,000 sq ft on institutional leases. The development partners, who previously worked together on sites at Taplow and Stockley Park, secured planning permission for the mixed use scheme back in December. They are set to deliver 87,065 sq ft...