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Retail analyst expects Douglas M&S to remain open

Thu, 17 Nov 2016

Retail analysts believe the Douglas branch of Marks & Spencers will not close.

The high street giant recently announced that 30 UK stores will shut while 45 will become Simply Food stores due to falling profits.

The Local Data Company have highlighted the stores it believes are at risk, with the Manx branch not included on its list.

Matthew Hopkinson told the UK media that 35 towns and cities have more than one M&S store on the high street, in shopping centres or an edge of town retail park, while the Drumgold Street branch is the Island's only M&S outlet.

However, M&S have insisted the research is not an official list, and that they are disappointed by the speculation.

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