Store

UK clothing retailer, M&Co, has announced that all of it's stores across the UK, including the branch here in Sittingbourne, are set to close in April.

In a Press Statement the company confirmed that "unfortunately, we haven't received the news we would have hoped for during our administration period. As we haven't received any funded, deliverable offers that would result in the transfer of the Company's stores or staff to a potential buyer, this means that all our stores will close".

After its recent announcement that its full-year pre-tax profit had more than halved - the worst performance in the company's history following £2.4bn of writedowns following its decision to exit the US and its UK-driven profit warning last year - Tesco has confirmed that it is to cancel its proposed 100 store expansion across the UK including the new Tesco Extra development for Milton Creek here in Sittingbourne.