Czech Marks & Spencer stores to open food only outlets, go back to basics
British based retailer Marks & Spencer announced this week that it will open food-only outlets in the Czech Republic.
Mr Hašek also said the company is likely to close down some of its outlets, located mostly in the city’s large shopping centres. “After a period of expansion, when we opened up lots of new outlets, we discovered that not all of them were profitable. So we are currently slimming down and we will consider the opening of new outlets better in the future,” he told the weekly. The specialised Simply Food Stores by Marks & Spencer should open as soon as next year. According to Hašek, the company is currently looking for suitable locations for the food-only stores.
According to Hašek, the Czech branch of Marks & Spencer wants to focus now on getting out of the perpetual spiral of discounts and sales and focus more on timeless clothing styles as well as quality and affordability, such as formal wear and underwear.
The store was founded by Michael Marks and Thomas Spencer in Leeds in 1884. The first Marks & Spencer store in the Czech Republic opened in 1996.