Marks & Spencer to Close Beijing Flagship Store as Part of Company's China Exit
Yicai Global
/SOURCE : Yicai
Marks & Spencer to Close Beijing Flagship Store as Part of Company's China Exit

(Yicai Global) Feb. 22 -- Marks & Spencer, a British department store chain with a history of more than 130 years, will close its flagship store in Beijing on March 19, as part of the company's Chinese market exit.

The London-based retailer has recorded sustained losses since it entered mainland China in 2008. Marks & Spencer announced in November that it had decided to withdraw from China and would soon close all 10 of its stores in the country, keeping only its online store.

Locations in mainland China include Wanda Plaza in Shanghai's Baoshan district, Shanghai's Goleden Bell Plaza, Suzhou's Guanqian street, Wanda Plaza in Qingdao's Licang district, Shanghai's Nanjing Road, Skymall in Shanghai's Xinzhuang town, Wuhan's Hanjie street, Wanda Plaza in Shanghai's Wujiaochang, Shanghai's Port Star Global and Beijing's The Place.

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