M&S opens 15 new stores in a year
Marks & Spencer has opened 15 new stores in a year.
In the retailer’s preliminary results for the year ending 28th March 2026, M&S said it had opened 12 new food and three new full line stores during the period.
The retailer said it is entering 2026/27 with an increased focus on its three core investment programmes of supply chain modernisation, technology transformation, and store rotation. M&S said a pipeline of new, high-volume store openings has been developed.
During the last financial year, M&S recorded an adjusted pre-tax profit of £671.4m, a year-on-year decline of 23.8%.
Stuart Machin, chief executive of M&S, said: “Retailers face a triple whammy of headwinds with increased taxation, a greater regulatory burden and ongoing global conflict. At M&S we are unshaken by short-term events. We have a clear plan and there is much within our control as we reinvest in value and quality for our customers.
“Our job is to protect the magic of M&S while modernising the rest. We’ve now got the momentum to do that at pace. We have a strong culture, a hard-working focused team, and a growth business. There’s an extraordinary opportunity ahead, and we are on it.”