What: M&S is investing over £30 million to modernise and expand its London store estate as part of its ongoing store rotation programme. This includes opening two new food halls, renewing up to 12 existing stores, and creating an estimated 100 new jobs.

Why it is important:This significant investment reflects M&S's commitment to enhancing its retail presence and customer experience in London, a key market for the brand.

M&S is set to invest over £30 million in modernising and expanding its London stores this year, opening two new food halls and renewing up to 12 existing locations. This investment will create approximately 100 new jobs and enhance customer experience with features like bigger in-store bakeries, dedicated flower and wine shops, and click-and-collect facilities. The first new food hall, a 7,200 sq ft location in Sidcup, will open on June 19, followed by an 18,000 sq ft store in Friern Barnet in August. This initiative is part of M&S's strategy to develop 180 full-line stores and 420 food halls, alongside expanding its convenience offerings through franchise renewals. This investment follows a reported 58% increase in pre-tax profits, highlighting the success of M&S's business reshaping strategy.

M&S to invest £30m in London store estate