UK: M&S Dismisses European Store Closures As "Speculation"
Battling British retailer, Marks and Spencer, today dismissed reports that it was closing some of its European stores as "speculation". Reports in a national newspaper today say that it is closing seven of its 38 European outlets to stem declining profits. And it said that the closure of smaller, underperforming stores in Belgium, Luxembourg and the Netherlands was likely to be announced in the coming weeks.
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