Marks and Spencer has issued a trading update and re-affirmed it will be closing 67 stores in a major shake-up of branches over the next five years.
M&S also announced it will be opening 104 new food stores. The company has told investors it will speed up its turnaround in the face of a tough backdrop. The numbers were initially revealed last year - and have been confirmed today.
There's no indication what stores will be closing, or locations for new openings.
At the time, Steve Rowe, Chief Executive commented: "Given the history of M&S we've been clear that we won't overclaim our progress.
"Unpacking the numbers isn't a linear exercise and we've called out the Covid bounce back tailwinds, as well as the headwinds from the pandemic, supply chain and Brexit, some of which will continue into next year.
"But ,thanks to the hard work of our colleagues, it is clear that underlying performance is improving, with our main businesses making important gains in market share and customer perception. The hard yards of driving long term change are beginning to be borne out in our performance."
M&S said: "At the year-end we set out our goal of achieving a modernised full line estate of c.180 stores through store rotation, reflecting the accelerated channel shift post pandemic.
"Rotation means closing at least 110 locations and relocating to either a new full line or food-only store and in many cases consolidating multiple stores into one."
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