Marks and Spencer announces 67 stores will close down in next 5 years

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In contrast, M&S plans to expand it’s Simply Food shops from 316 to 420. 

The food stores have been attracting more customers, especially since lowering prices of its basic range. 

To remain even more competitive, M&S will be investing £200 million in lowering prices of its food further as well as its fashion ranges. 

In terms of clothing, its new Good Move athleisure range, which sells leggings for £27.50, is still growing and more sports brands are being considered to be brought into its stable of 50 third-party brands.

READ MORE: Home Bargains, Aldi and more announce Boxing Day closures



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