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Retail Slowdown ? Where ?

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Retail Slowdown ? Where ?



M&S to shut two stores in county

by Alan Watkins and Jo Robertson

STAFF at two Marks and Spencer stores in Kent have been stunned by news that the company is shutting down two outlets, one at Folkestone and the other at Chatham.

M&S is moving out of Folkestone after 94 years of trading in the town.

The company, which first opened in the town’s old High Street in 1912, has announced it was making a loss at the Sandgate Road premises it owns. It has been there since 1930.

The 39 Folkestone staff have been promised jobs at other stores. A 30-day consultation period with them is taking place before any closing date is revealed.

Regional manager Anthony Hemmerdinger said: “We believe we have looked at every available option and opportunity to enable us to keep the Folkestone store open but as it is no longer commercially viable, we have had to make this proposal.

“We have an outstanding team here and I would like to thank them for their commitment and the excellent service they have provided our customers. In the event of closure, all our employees will be offered jobs in local Marks & Spencer stores.”

The closure of the M&S store in Chatham High Street will deal a severe blow to regeneration hopes for the town centre.

The company says the store is loss-making and this has been so "for a considerable length of time".

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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