Business Intelligence on Retailing, Franchising, and Consumerism in China

Marks & Spencer To Close Five Stores In East China

British department store retailer Marks & Spencer announced that the company plans to shut five outlets in the Shanghai region before August 2015.

The company also said that they will continue to invest in the existing flagship stores and their flagship store at Nanjing West Road in Shanghai will complete its renovation this autumn.

Marks & Spencer revealed that they are interested in entering other important Chinese cities such as Beijing and Guangzhou in 2015 and 2016. Meanwhile, they plan to further invest in Hong Kong and expand business in Macau.

Marks & Spencer entered the Chinese market in 2008; however, the company's development in this marketplace was not smooth. They currently operate stores in Shanghai, Qingdao, Changzhou, Ningbo, Wuhan, Jiangyin, Wenzhou, and Suzhou.

In addition, after reviewing their Chinese growth strategy, Marks & Spencer decided to gradually shift their development focus to the Indian market. Marks & Spencer entered India in 2001 and the company established a joint venture with Reliance Retail in 2008. The company currently has 46 stores in India.

Be the first to comment on "Marks & Spencer To Close Five Stores In East China"

Leave a comment

Your email address will not be published.


  Other China News

AutoNavi, Delphi Reach Deal

Hisense's Net Profit Down 47.39% In First Three Quarters Of 2017

Airbnb China Head Resigns

DMG To Buy China Rights Of Forbes Brand


Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center

JD To Build Global Logistics Headquarters In Xi'an

Wumart, AGS Sign Agreement For Seafood Direct Procurement

India Gains Second Factory From China's Xiaomi

85% of Indian Staff To Lose Jobs At China's LeEco