The 139-year old group said today the investment would generate more than 3,400 new jobs across the United Kingdom.
Data from IMRG, an e-commerce trade body, last week showed online retail sales in Britain fell last year for the first time ever, to stand down 10.5% on the year. The plan involves reducing the number of full-line M&S stores by 67, leaving 180 higher quality, higher productivity stores that sell the group's full clothing, home and food offering, while increasing its food only stores by 104 to 420.
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