[MANILA] Iconic British retailer Marks & Spencer will leave the Philippines after four decades as changing consumer preferences reshape the retail landscape, its local franchise holder said. The move ends a partnership of almost 40 years between Stores Specialists Incorporated (SSI) and Marks & Spencer, with SSI saying in a statement that the final day of store operations will be May 2. Marks & Spencer’s exit reflects the shifting dynamics of the Philippine retail market, which remains attractive to international brands but is becoming increasingly competitive. https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/marks-spencer-exit-philippines-shifting-retail-market (ICE SINGAPORE)

Fonte notizia: The Business Times, 26 February 2026