M&S plans 250 stores overseas
HIGH street stalwart Marks & Spencer is ramping up international expansion plans with aims to open 250 stores over the next three years.
The group hopes the overseas push will grow international sales by a quarter and profits by 40% as it sets its sights on fast-growing regions such as India, China, Russia, the Middle East, as well as Western Europe.
It revealed details of the global drive at an investor and analyst presentation yesterday in Paris, where it also plans to open 20 standalone food stores – making the French capital the group's largest food market outside of the UK.
But the plans come as M&S struggles in its domestic UK market, with trading figures expected to decline further.