M&S branch in Falkirk among 100 set to shut
A branch of Marks and Spencer in Falkirk's Howgate Shopping Centre is among those likely to shut after the retailer announced more store closures.
Over 100 stores are set to shut by 2022 as the firm accelerates a transformation programme that'll see thousands of jobs put at risk.
The closures will affect its clothing and home stores, which have under-performed for several years.
The move is part of a five-year turnaround plan spearheaded by chairman Archie Norman and chief executive Steve Rowe.
They have been seeking to save costs through store closures and shutting distribution centres as part of a wide-ranging efficiency drive as the company's financial performance deteriorates.
Sacha Berendji, retail and property director at M&S, said: We are making good progress with our plans to reshape our store estate to be more relevant to our customers and support our online growth plans.
Closing stores isn't easy but it is vital for the future of M&S. Where we have closed stores, we are seeing an encouraging number of customers moving to nearby stores and enjoying shopping with us in a better environment, which is why we're continuing to transform our estate with pace.''
The announcement comes a day before the retailer is expected to unveil another troubling set of annual figures.
Tomorrow's results are set to show that underlying pre-tax profit across the group fell 6% to ÂŁ573 million