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M&S retreats from Poland: report

PR dla Zagranicy
Paweł Kononczuk 08.11.2016 14:38
British multinational retailer Marks and Spencer is closing all of its 11 stores in Poland, Polish website onet.pl has reported.
Photo: fsse8info/flickr.com
Photo: fsse8info/flickr.com

The company has decided to close a total of 53 stores in 10 countries, onet.pl said.

The decision was made after an analysis of 466 foreign stores, Marks and Spencer said in a press release cited by onet.pl.

Last year Marks and Spencer recorded a GBP 45 million loss in the 10 markets on a GBP 171 million revenue, onet.pl said.

Stores will also be closed in China, France, Estonia, Hungary, Lithuania, Slovenia, Romania, Holland and Belgium. (vb/pk)

tags: retail
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