‘Final nail in the coffin’ as Marks & Spencer confirms it’s shutting flagship store after 100 years with 92 jobs at risk

‘Final nail in the coffin’ as Marks & Spencer confirms it’s shutting flagship store after 100 years with 92 jobs at risk

MARKS & Spencer has introduced will probably be shutting down a store by the finish of the yr, placing 92 jobs at risk.

The firm knowledgeable employs at its Swansea department on Tuesday of the upcoming closure.

Exterior of a Marks & Spencer store with a "Click & Collect" sign.
The M&S store in Swansea will likely be closing down by the finish of the yr because of underperformanceCredit: Alamy

M&S mentioned that will probably be closing the store as it had been underperforming over an extended time period.

It didn’t give an actual date for when will probably be shutting its doorways for good, however anticipates it to be later in 2026.

The store situated on Oxford Street has attracted consumers in the area for many years.

Details about redundancies haven’t been disclosed, however round 92 workers members at the M&S risk dropping their jobs.

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Swansea Council mentioned that it had spent a number of years working with M&S to forestall the store closure.

It added: “Our immediate thoughts are with the M&S staff, and we are committed to supporting them through this period of uncertainty.”

Richard Owen, M&S regional supervisor, said: “Customer buying habits are altering, and as a part of our UK-wide store rotation programme, we’re adapting our store property to make sure we’ve the proper shops with the proper house to ship a superb shopping expertise.

“The Swansea store has been a key a part of the group for a lot of a long time.

“Unfortunately, it is not viable to keep the store open as the building faces practical and operational issues requiring significant investment, the store has underperformed over a long period and we must prioritise long-term growth decisions.”

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