UK high street retailer Marks & Spencer (M&S) said on Wednesday that it plans to close 27 shops in the UK as a result of falling consumer demand over the last three months. As part of its third quarter interim management statement, M&S announced the proposed closure of 27 stores, including 25 underperforming Simply Food stores and two main chain M&S stores. It added that up to 780 jobs could be lost as a result of the measure.
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