Find in the news:
BY COUNTRY

Coronavirus crisis has accelerated the Marks&Spencer reorganization program



The British retailer plans to increase production by one year, which would typically take three years and is planning to reduce 950 jobs.
Marks and Spencer

Marks&Spencer will reduce the number of employees -- not only in retail stores but also in the head office. The 950 jobs the company intends to eliminate account for 1.2 percent of the total number of employees (78,000 jobs in full). The company has been working on a restructuring program for quite a while now, which in addition to staff cuts also includes closing some stores and saving money. The pandemic has accelerated this process as Marks & Spencer plans to create a more flexible and more durable structure.

Even though Marks & Spencer was severely affected by the coronavirus crisis, the British company has set a new goal - to achieve three years of progress in a single year. During the general quarantine, the company's grocery stores continued to operate, while sales of fashionable clothes in May fell by 84% compared to a year earlier. Retailers also fear that many consumer habits have changed irreversibly since the pandemic. Network CEO Steve Rowe believes the impact of the crisis "will continue over the next year and beyond."

Marks&Spencer also notes that the company has fallen far behind in online development, which is why it has to fight fierce competition from Primark and Asos. In this regard, the company also intends to focus on the active development of online sales channels.

More about shopping malls in the United Kingdom



Jul 29, 2021, USA:
Tesla stores are leaving mallsThe electric car maker is taking another blow to the position of malls that are losing tenants one-by-one.
Jul 29, 2021, Estonia:
The initial value of the 55,000 sq.m. complex is €85 million.
Jul 28, 2021, United Kingdom:
Two years after Philip Morris announced its plans to expand the British chain, it has become known of its intention to close it completely.
Jul 28, 2021:
Those who have not been vaccinated will not access public spaces, such as government offices, restaurants, and shopping malls.
Jul 27, 2021, United Kingdom:
The chain of luxury department stores, founded in 1909, may change ownership.
Jul 20, 2021, USA:
LVMH will acquire a controlling stake in Off-White, with its founder retaining 40%.
Friend
and Follow
Mall of Tripla GLA:914 932 SF
ADDRESS: Veturitie 13
Finland . Helsinki
Mall of Tripla
Aviapark GLA:2 475 699 SF
ADDRESS: ul. Aviakonstruktora Mikoyana, 10
Russia . Moscow region
Aviapark
Cabot Circus GLA:990 280 SF
ADDRESS: Glass House, Bristol BS1 3BX
United Kingdom . Bristol
Cabot Circus
I Viali GLA:452 084 SF
ADDRESS: Via Dei Cacciatori 111 - 10042 Nichelino TO - Piemonte
Italy . Torino
I Viali


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us