Finance

M&S set to close Sauchiehall Street store



Marks & Spencer is closing its flagship Sauchiehall Street branch in April, following a review of the retailer’s property portfolio.

Last May, the company announced that 30 stores would close, many of them in town and city centres.

M&S blamed “changing shopping habits”, but said it would continue to invest in 12 other stores in Glasgow, including its Argyle Street branch.

Regional manager David Bates said: “Shopping habits are changing, and this means we need to focus our investment on the right stores in the right places so we can provide the very best shopping experience for our Glasgow customers.

“As part of this transformation, we have today announced to colleagues our proposals to close our Sauchiehall Street store in April 2022.

“Our priority now is to talk to our colleagues about what this announcement means for them and to support them through these changes.”

The Sauchiehall Street site was it’s first in Scotland with an in-store café. It retains the frontage of the Art Deco building that opened in November 1935.

Stuart Patrick, chief executive of Glasgow Chamber of Commerce, said: “This latest high street closure is yet another sign of the damage that we are continuing to see amid pandemic restrictions.

“The closure of Marks and Spencer will come as a significant blow for Sauchiehall Street, highlighting the impact that the drop in footfall we have experienced across our struggling city centres has had on businesses.

“We may now have reached the time for coordinated intervention to reverse Sauchiehall Street’s decline.”

In recent years there have been attempts to revive the street which has fallen into decline, with the former BHS building left derelict and Watt Brothers shutting up shop in 2019.

Don’t miss the latest headlines with our twice-daily newsletter – sign up here for free.



READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.