Marks & Spencer reveals further £12.5m investment in stores

Marks & Spencer has announced an additional £12.5m investment in stores across London over the next year.

This comes after the £10.3m investments the company made in London stores in 2022 and will create another 200 jobs.

M&S is also set to open a new store in Croydon this week, along with a new Foodhall in Earlsfield and full refurbishments of its Victoria Cardinal Place store.

Last year’s renewal programme saw food sales at M&S Woolwich more than double. With the restoration of the Kingston branch resulting in a 25% increase in food sales 8% in clothing and home.

M&S chief executive Stuart Machin said: “M&S has been innovating in London for over a hundred years. We’re proud that many of our high street ‘firsts’ were born in the capital – from operating a chain of penny bazaars across London in the early 20th century to opening our first ever Simply Food here in 2001 and trialling our first new-look Foodhall design in Clapham in 2019.

“Today, a third of all M&S stores are located in London – whether in train stations, shopping centres or high streets – and today’s investment shows that we are committed to offering shoppers in our great capital city the best of M&S for the next 100 years and beyond.”