Marks & Spencer to Close All Stores in the Philippines After 40 Years

Feb 26, 2026

60 min

Feb 26, 2026 05:30

Marks & Spencer exits Philippines after 40 years amid retail shift

## Marks & Spencer Exits the Philippines

Marks & Spencer, the well-known British retailer, is set to close all its stores in the Philippines by May 2, ending a 40-year presence in the country. The decision comes as part of a strategic review by Stores Specialists Inc. (SSI), the local partner managing the brand.

## Changing Retail Landscape

The closure reflects significant shifts in consumer behavior and the retail environment. Increased competition from fast-fashion brands, the rise of e-commerce, and changing spending habits have challenged traditional retail models. SSI noted that evolving consumer preferences necessitated a realignment of their brand portfolio.

## Impact on Local Market

All 13 Marks & Spencer stores in major malls across the Philippines will be affected. The move underscores the broader trend of international brands reassessing their strategies in response to local market dynamics. SSI plans to focus on brands that align more closely with current consumer trends.

## Strategic Repositioning

SSI, which operates over 600 stores and manages more than 100 international brands, is shifting its focus to faster-growing segments. The company aims to ensure a smooth transition for employees and partners during the closure process, with further details to be announced soon.

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