M&S to close some Simply Food stores
LONDON (Reuters) - High street chain Marks & Spencer plans to shut down more than 10 of its stand-alone Simply Food stores as it battles tough trading, The Financial Times newspaper said on Wednesday.
The report said the iconic retailer had been gauging interest from rivals about buying stores, although 10 would represent just a small percentage of its 350-strong chain.
A spokeswoman for M&S declined to comment.
The company, which is due to release a Christmas trading update at 7 a.m. British time on Wednesday, is also reported to be cutting around 1,000 jobs.
(Reporting by John Bowker)
© Thomson Reuters 2009 All rights reserved.
Bolton bets on China
Top-performing fund manager Anthony Bolton says he plans to return to managing money next year, with a focus on the increasingly important Chinese market. Full Article
UK
US
Gold fever spreads