The High Street chain has been part of Bristol’s shopping district since 1952, with the branch selling everything from clothing to food to household items.
The store is expected to close in January, but no specific date has yet been given for the store’s final closure.
READ MORE: Quiet fight in one of Bristol’s most disadvantaged areas as bills rise and benefits cut
M&S is currently consulting 89 employees, although it is understood that this figure does not correspond to layoffs.
According to Business Live, Bristol Live’s sister site, M&S will work with Broadmead employees to try to redeploy them to other stores in the region.
It is understood that the closure is part of a larger restructuring of UK ownership by M&S, which has 17 other stores in the South West, including at Cribbs Causeway and Longwell Green.
The decision to close the Broadmead store was driven in part by changing consumer habits in the retail industry, which has seen a major shift towards online shopping in recent years.
“Shopping habits are changing, so we are rotating our store fleet to ensure we have the right stores to provide our customers with a great shopping experience,” said M&S Regional Manager John Dorrington.
Get the greatest stories from all of Bristol straight to your inbox
“As part of this transformation, we today announced to our colleagues our proposal to close our M&S Bristol store at 78 Broadmead in January 2022.
“Our priority now is to talk to our colleagues about what this announcement means for them and, where possible, to offer them alternative roles at M&S.
“We appreciate that this is disappointing news for some, and we would like to thank all of our customers who have shopped with us in the store. We will work hard to continue serving them in our 17 stores in the South West, including Cribbs Causeway and Longwell Green. “
Bristol Live understands that M&S will continue to invest in its Cribbs Causeway store, which is regularly used as a test site to test new digital services, such as contactless, click and collect and returns, before rolling them out across the United Kingdom.
It is also understood that M&S has a financial interest in the Broadmead building – although it does not fully own the property – and will work with Bristol City Council on plans for its future redevelopment.
West England Underground Mayor Dan Norris said: “For most of us, Marks and Spencer in Broadmead has been a Bristol staple our entire lives.
“This is a real blow to a mall that is at the heart of the community, and many people across the city and beyond will feel a sense of loss at this truly sad news.
“It is important to note that I hope and expect Marks and Spencer to work with their staff and unions to support all affected workers. “
In May, M&S announced proposals to close 30 more stores over the next decade as part of turnaround plans.
It followed an announcement last year, confirming that 7,000 jobs will be cut in stores and management in 2020 – although about a tenth of the jobs lost were voluntary layoffs and early retirements.
The company recorded a pre-tax loss of £ 201.2million for the year ending March 27, compared to a profit of £ 67.2million the previous year.
In July, M&S announced the closure of its store in Cardiff’s Capital Shopping Park, while in recent weeks it has confirmed that 11 franchise stores in France, operated in partnership with SFH, will close due to Brexit.
M&S said supply chain complexities following the UK’s exit from the European Union made it “nearly impossible” for the company to serve fresh and chilled produce to customers in France.
Get Bristol’s Greatest Stories straight to your inbox.