Marks & Spencer poised to announce more store closures

Falling profits and increasingly tough high street trading fuels expectations of a much bolder restructuring plan from M&SMarks & Spencer is expected to ramp up its store-closure plan next week as a result of falling profits and tough trading conditions on the high street.Last year M&S announced it would close 30 stores as part of an overhaul designed to slash by 10% the amount of shopfloor space devoted to its struggling clothing arm. But industry sources suggest M&S’s chi