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The company will open 17 new stores and expand main stores over the next two years.
This includes on closed down Debenhams sites.
M&S chief executive Steve Rowe said: “We are committed to stores and believe they can be a true source of competitive advantage.
“But they need to be the right stores, in the right location, with the right services.”
Many stores will become “food only”.
Marks & Spencer has not confirmed the stores that will close yet.
Twitter users commented on the news. One wrote: “Clothing section of Marks has been nose diving for a while now. Old fogey clothes targeted at the youth.”
“They still stock the best Christmas Turkeys and the stuffing is also up there with the very best. Keep M&S open for the Turkeys,” one said.
Another said: “Come on folks, get shopping in your local M&S again. We don’t want to lose one of our dearest British High Street institutions.”
Another wrote: “£59.99 for a pair of navy blue plimsoles and they’re wondering why they’re losing money?”
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