Stores Specialists, Inc. (SSI) has confirmed it will shut down all Marks & Spencer stores in the Philippines, with final operations ending on May 2, 2026.
In an official statement, SSI described the decision as difficult but necessary, calling the brand’s presence in the country a meaningful chapter for the company.
“This has not been an easy decision. Building Marks & Spencer in the Philippines has been a meaningful and rewarding chapter for our organization,” the statement read.
“We are deeply grateful to our loyal customers, dedicated employees, and partners who have supported the brand through the decades.”
The retailer cited changing consumer preferences and shifting shopping habits as key factors behind the move. SSI said it will redirect resources to brands that better reflect current market trends.
“Retail is constantly transforming. Change is inevitable, tastes evolve, and therefore so should we,” the management noted, emphasizing their commitment to strengthening their portfolio with experiences that “resonate with today’s consumers.”
The closure comes amid SSI’s broader portfolio expansion. Over the past year, it introduced brands such as Alo Yoga, Sandro, Maje, Alice + Olivia, JD Sports, Pomelo, and Oysho.
POTENTIAL TAKEOVER
Reports indicate that Indonesia’s leading retail conglomerate MAP Group may take over the Marks & Spencer franchise in the Philippines.
The transition is expected to be handled by its local arm, MAP Active Philippines, which operates brands including Foot Locker, Planet Sports, New Balance, and Skechers.
MAP Group already holds franchise rights for Marks & Spencer in Indonesia, fueling speculation of a possible seamless handover.