Marks & Spencer aims to cut back retail space at its flagship Marble Arch store on Oxford Street in a redevelopment creating offices on upper floors.
Marks & Spencer maintains that the proposal will ultimately enhance the retail offer at the store and enable it to “unlock value” through provision of prime office space, which it said remains in demand.
A planning application for the changes will be made later this year once M&S has consulted with interested groups, such as customers and the local community.
It is envisaged that the smaller store will continue to offer a broad range of food, fashion and home goods.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.