Mark & Spencer (M&S), the UK department store retailer, has announced an investment of £340 million ($456 million) to boost growth in its food division.
In a press release, M&S said the investment would fund the development of an automated National Distribution Centre (NDC) in Northamptonshire, due to open in 2029, which it described as “a key unlock” in the ambition to double the size of the M&S Food business.
Once fully operational, the 1.3 million sq ft facility will create around 1,000 permanent roles.
“We’re transforming M&S into a destination for the weekly shop and modernising our supply chain is central to that ambition”, said M&S MD Alex Freudmann. “This investment will boost capacity for future growth, lower our cost to serve over the long-term, and improve product availability – ensuring customers find the right products in the right place at the right time”.
Source: Mark & Spencer