News / M&S abandons London Gateway logistics project after third year of falling profits

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Marks & Spencer has cancelled plans to build a national distribution centre at London Gateway.

M&S is the second major client to withdraw from what is billed to be Europe’s largest logistics park, following UK freight service provider Uniserve.

The UK’s largest high street retailer released its 2013 annual report this morning, which showed a 4% decline in profits – the third successive year that earnings have slipped – and announced that cancelling the London Gateway NDC development would save it £130m.

“Following ...