Marks & Spencer Closes

Marks & Spencer, a major British multinational retailer, is pulling out of China. The company’s decision to close is upsetting for many British expats living in China – especially in Beijing, where options for high quality imported food remain limited. The reaction among many locals was much different. Many had never heard of Marks & Spencer, but only began visiting the store after it had announced it was closing down to take advantage of sales. Watching first-time customers wait up to an hour to purchase large volumes of clothes and food for 50% off must have been disheartening for the company. “I would have paid the regular price for a bottle of this, but I never knew this place existed,” stated one customer who was carrying a basket of 36 bottles of Rioja.

Shanghai Business Review is the leading English language website and print magazine for business leaders conducting business in China.

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