Popular now
Debenhams Group returns to growth amid PLT recovery

Debenhams Group returns to growth amid PLT recovery

Currys appoints Fredrik Tønnesen as Group CEO

Currys appoints Fredrik Tønnesen as Group CEO

Inditex sales rise 5.8% after strong start to summer trading

Inditex sales rise 5.8% after strong start to summer trading

M&S to invest £30m in Scottish stores

M&S to invest £30m in Scottish stores

On this episode of Talking Shop I’m joined by Alain Bejjani—former Group CEO of Middle East retail giant Majid Al Futtaim, and author of the definitive new book, NEXT: Leading Through the New Realities. Drawing on his childhood in war-torn Beirut, and his experience steering a $9.5bn dollar retail and lifestyle empire through a global pandemic, Alain brings an unmatched perspective on leadership under pressure. Today, we break down his crisis survival playbook for retailers operating in distress. We discuss why resilience must always outpace efficiency, the four assets a brand must protect at all costs, and how to turn macro-turmoil into a long-term direction that scales.

Register to get free articles

No spam Unsubscribe anytime

Want unlimited access? View Plans

Already have an account? Sign in

M&S has unveiled plans to invest £30m in bricks and mortar stores across Scotland.

The retailer’s investment will deliver more than five new store openings and expansions over the next 18 months.

These plans include a £15m investment in M&S Aberdeen Union Square which will almost double in size and is expected to be completed in Spring 2025.

It will also include a flower shop, a cheese barge, larger in-store bakery and dedicated M&S Wine Shop as well as bigger clothing, home and beauty departments.

Alongside a new M&S foodhall coming to Linlithgow later this month, there’s more investment in the Northeast economy with a new full-line store in Dundee’s Gallagher Retail Park on track to open in Summer 2024.

M&S will also open in Largs for the first time with a new food hall due to open in early 2025.

Beyond this headline investment, M&S has already launched eleven new and renewed stores over the last four years in Scotland.

Sacha Berendji, M&S operations director, said: “This is our biggest ever investment in Scotland, putting £30m into transforming the shopping experience for customers in Aberdeen, Largs, Dundee and Linlithgow – bringing new jobs across the country with bigger, better, fresh-market style food halls and new opportunities for Scottish shoppers to access our best-ever, most inspiringly presented clothing, home and beauty range.

“Our investment in Scotland goes beyond new stores with M&S sourcing more Scottish produce than ever before, through strong partnerships with local producers. Around 2,500 Scottish farms, sea farms and fisheries supply us with great quality products, many supplied beyond Scotland to M&S stores across the UK. Our commitment to Scotland has never been stronger.”

Rachel Rankine, North East regional manager for M&S, added: “The scale of our investment is a vote of confidence in the future of retail in Aberdeen city centre, with a flagship store on the same scale as city centre stores in Birmingham and Liverpool.

“Where we have already invested in new formats, our customers have responded to the destination shopping experience and Aberdeen shoppers can look forward to having a bigger, better, fresher food hall and the best in M&S clothing and home.”

Previous Post
DFS downgrades sales guidance for FY24

DFS downgrades sales guidance for FY24

Next Post
Birkenstock revenues rise to €1.49bn

Birkenstock revenues rise to €1.49bn