M&S Steps Up Store Programme With £300m Investment This Financial Year

• M&S is significantly accelerating its store rotation with 16 new, 9 extended and 12 renewed stores opening this financial year, equating to an investment of over £300m 
• Over the past year M&S completed 47 property deals as it fills its store rotation pipeline - more than the previous three years combined  
• M&S aims to have 180 full line and 420 food halls delivering the best of M&S Food, Fashion, Home and Beauty to its 32 million customers by the end of FY 2028 
• Over 300 new locations are being considered for new stores across the UK from Elgin to Exeter 

M&S is stepping up its rotation and renewal programme, with sixteen new, nine extended and twelve renewed stores planned to launch this financial year. The new and renewed stores represent £300million of investment. 

All the stores will have the latest signature M&S format, with bright entrances, wider aisles and modern shelf displays to showcase the quality products from Dine In to fresh produce. 

The new stores include 12 food halls, two full line stores and two outlets with the previously announced brand-new full line stores in Bath Southgate and Bristol Cabot Circus, and new Food halls in Bell Green Sydenham, Abingdon, Cannock and Farnham. M&S will also renew twelve and extend nine existing stores, bringing a wider range of products to customers on a variety of shopping missions.  

In the last year, M&S has signed 47 deals for new and renewed stores to open by FY 2028 – more than the previous three years combined and marking a significant acceleration in momentum in its investment across its owned estate.  

The new stores opening this summer offer customers a great quality shopping experience whether for Food on the Move in Bristol Airport, a weekly shop in Aberdeen or click and collect from Fashion, Home and Beauty products online on the way home from work on Oxford Street. 

M&S continues to identify new locations to further fill its pipeline of new stores to bring customers a better shopping experience with market-style fruit and vegetables, bakeries equipped with barista-style coffee and wider spacious aisles from the beauty counter to the checkout. Over 300 new locations are being considered for new stores across the UK from Elgin to Exeter.  

M&S CEO Stuart Machin said:  “This year we are stepping up the pace of our programme and investing over £300m to rotate and renew stores across the country. We have a rigorous strategy to make sure we have the right stores in the right places, and this year we will deliver 37 new and renewed stores with the best of our Food, Fashion and Home and Beauty to our 32 million customers.” 

Source : M&S

Image : M&S

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