Marks and Spencer has announced about an hour ago that it will close 30 UK clothing and home shops and convert dozens more into food stores.
Chief executive Steve Rowe's turnaround plans will also see 200 new Simply Food shops open as it shifts away from disappointing clothes sales. With new food stores opening, the company will have more stores overall and "more towns will have an M&S", Mr Rowe told the BBC.
He added that customers still "love" M&S, but that it could do better. However, its half-year results show the problems facing Mr Rowe, who took over in April.
Clothing sales in existing stores fell 5.9%, while its stronger performing food business saw sales drop by 0.9%.
www.independent.co.uk/news/business/news/marks-and-spencer-stores-to-close-turnaround-plan-a7403976.html
It also plans to shut 53 international stores, including all 10 in China, half of its stores in France and all its shops in Belgium, Estonia, Hungary, Lithuania, the Netherlands, Poland, Romania and Slovakia.