The head of M&S warns that Oxford Street is at risk of becoming a “dinosaur district” as 32 shops are closed
The retailer had recently announced that it will close a total of 32 stores as part of plans to move away from the city centers. Stuart Machin, CEO of M&S, said London’s most famous shopping street is “on its knees” and slipped into irrelevance after falling prey to a “growing proliferation of tacky candy shops”. …