Marks and Spencer to close 29 in-store banks today - full list
Marks and Spencer has 29 banks, all located in stores across the country. All banks are closing for good today with the retailer aiming to focus instead on its credit cards, insurance, savings, and loan products.
“We’re now firmly focused on supporting both our customers and colleagues through this change, and the delivery of our transformation plans, which will create new and rewarding payment solutions for M&S shoppers, both in-store and online,” Mr Spencer added.
The closures will undoubtedly affect both M&S staff and customers.
The retailer has previously said it would redeploy branch workers where possible, but it has not confirmed since how many redundancies will take place.
As for customers, the bank will shut their existing current accounts on August 31.
