Marks & Spencer to Shutter All Its Stores in China, Sell Only Online
Yicai Global
/SOURCE : Yicai
Marks & Spencer to Shutter All Its Stores in China, Sell Only Online

(Yicai Global) Nov. 09 -- British multinational retailer Marks & Spencer said it plans to close all 10 of its stores in mainland China due to continuing losses, and 441 employees will be affected by the decision. Henceforth, it will only sell on the Chinese market via e-stores. M&S has opened online stores in the two largest e-commerce marketplaces in China -- Tmall.com and JD.com.

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