// M&S slashes 90% off prices on clothes
// Discounts are available in-store and online
// In the past financial year, M&S closed 35 stores and opened 48
Marks & Spencer has slashed its clothing sales by up to 90 per cent as it finds ways to survive in the midst of the UK’s tough trading conditions.
The struggling retailer’s end of season sale – which takes place online and in stores -includes dresses, work wear, shirts and summer swimwear prices falling down to £5.
M&S has not been immune to the challenges of the UK’s high street as in the past financial year.
It closed 35 stores and opened 48, and now expects to close a further 85 shops and open 20 by 2024.
At least 47 M&S stores have now been shut as part of a restructure that forms part of major turnaround scheme.
Last week, it revealed its latest store earmarked for closure, while at the same time, former McDonald’s chief people officer Harriet Hounsell was appointed as M&S’s new human resources director.
M&S also recently poached Topshop’s fashion director Maddy Evans to help bolster clothing sales by relating to a younger market.