Stores Specialists Inc. (SSI), the company that operates Marks & Spencer in the Philippines, announced on Wednesday that it will close all its stores in the country, with the last day of operations set for May 2.
The decision comes as consumer tastes and shopping habits continue to change. SSI said it wants to focus on brands that better reflect current and future market trends.
Marks & Spencer has been part of the Philippine retail scene for almost 40 years, bringing British products and style to Filipino shoppers. SSI expressed gratitude to its loyal customers, staff, and partners who supported the brand over the decades.
While the closure marks the end of an era, SSI emphasized that retail is always evolving, and adapting to new trends is necessary for growth. The company said it will work closely with employees and partners to ensure a smooth and respectful transition.
For consumers, this means Marks & Spencer products will no longer be available in local stores, signaling a shift in the retail options on the Philippine market.
