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In total M&S said it would have about 60 fewer clothing and homeware stores in five years' time. Media playback is unsupported on your device Media captionM&S store closures: Good or bad strategy? However, with new food outlets opening, the company will have more stores overall and "more towns will have an M&S", Mr Rowe told the BBC. He added that customers still "love" M&S, but that it could do better. The retailer has over 300 full-range sites, which sell clothing, homeware and food, and nearly 600 Simply Food shops in the UK. It also plans to shut 53 international stores, including all 10 in China, half of its stores in France and all its shops in Belgium, Estonia, Hungary, Lithuania, the Netherlands, Poland, Romania and Slovakia. That represents more than a quarter of the international stores that M&S fully owns, and will cost £150m-£200m. The company said it would start a consultation with 2,100 employees over the proposals. Image caption M&S has stores or websites in 58 countries Among the sites being closed is its department store on the Champs Elysees in Paris - it will be the second time M&S has closed its flagship branch in France. In 2001 M&S closed all its European stores, before returning to France 10 years later under former boss Marc Bolland. Retail Vision analyst John Ibbotson said: "M&S's humiliating withdrawal from 10 overseas markets is...
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Important Factors In Clarified
My baker wondered if his loaves would have buyers today. Valampuri, had already announced in a special Rs. 10 bulletin that shops would close today. This morning I had to go to the hospital. Many shops, but far fewer than in usual boycotts, had closed. Patients, after years under the LTTE were quiet about their real feelings but their resentment came through as they grumbled about having to use trishaws. A lady who had waited long for her Echo Cardiograph could not miss that because of the trishaw charge. Jeyasekaram, Chairman Jaffna Chamber of Commerce, commented that normally shopkeepers asked them if they should comply with a boycott request but this time they had not been consulted. The Jaffna bus stand had only one bus. Many shops were doing business as usual with one door open.
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