M&S to shut more UK stores as H&M also scales back

Retailer Marks & Spencer said it plans to close a further 14 stores in Britain, speeding up a programme to re-shape its store estate as more sales move online.

The news comes as comes as competitor Hennes & Mauritz (H&M) — the world’s No 2 fashion retailer — announced its biggest stores-closure programme in at least a decade, and the creation of a new brand to sell marked-down clothing.