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British retailer Marks & Spencer
has announced its plans to open a new store in Shanghai, its fourth
in the city and fifth in China (Ningbo, the world’s fifth largest
port, holds the other store). According to the Oriental Morning Post,
the new store would be in the Changning district in Shanghai’s old
centre.
Marks&Spencer currently owns over
600 stores in the UK alone, ranging from smaller stores that only
sell food (aptly named “Simply Foods”) to large flagship stores
outside the city centres. The chain also has over 300 stores abroad,
both self-owned and through franchising.
