Marks & Spencer (M&S), the UK-based retailer, has intensified its transition towards a more food-led business model by launching a list of 500 potential locations for new or renewed M&S Food stores, as it steps up efforts to double the size of its food division. The announcement marks a significant acceleration of the company’s estate modernisation programme, which is centred on expanding the average Food store footprint to around 18,000 …
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Marks & Spencer
Marks & Spencer (M&S), the British multinational retailer, has entered the Australian grocery market through a new wholesale partnership with Coles, one of the country’s largest supermarket chains. From 19th November, Coles stores nationwide will stock M&S items such as Percy Pig and Colin the Caterpillar confectionery, shortbread and luxury tea. While the initial launch focuses on core staples and seasonal items, the company confirmed that the range is set …
Marks & Spencer, the UK department store chain, has announced it has partnered with digital grocery specialist Ocado to create its first major platform for online grocery retail. Under the joint venture, M&S is acquiring a 50% share of Ocado’s UK retail business, which will be supported by Ocado Smart Platform, for a total consideration of up to £750 million ($999 million). Marks & Spencer said the venture would trade as …
Marks & Spencer, the UK grocery and clothing retailer, is planning to open 200 new Simply Food stores in the next five years, according to a report in Off Licence News. The move comes as the firm is reportedly planning on scaling back its clothing & homeware divisions in order to focus more heavily on its Simply Food stores. The retailer is said to to be looking to close 30 …
UK-based department store and grocery operator Marks & Spencer (M&S) will be the first major retailer to add vitamin D to its entire packaged bread range, according to reports in the BBC and the Telegraph. The bread will reportedly be made using yeast thas has been exposed to UV light in order to raise the vitamin D content. The product was developed after an M&S survey found that consumers were …
Marks & Spencer (M&S) has announced that its food business has seen an increase in annual sales, with like-for like sales up 1.7% on the previous year. M&S has now recorded 18 consecutive quarters of like-for-like growth in its food business. Sales of its Simply M&S range have continued to increase and the brand now accounts for 11% of the group’s total sales. Overall group turnover increased 2.7% to £10.3 …
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