Britain’s M&S to Open 20 New Stores in 2023-24

British clothing and food retailer Marks & Spencer plans to open 20 new, bigger stores in its 2023-24 year as part of a radical overhaul of its store estate that will see it invest £480 million ($587 million).

The 139-year-old group said on Monday the investment would generate more than 3,400 new jobs across the United Kingdom.

M&S’s move shows the continuing importance of physical stores to retailers despite the rise of online shopping…