Marks and Spencer is a double retailer of clothing and food, with the balance tipping towards the latter. As seen in the present statistic, Marks & Spencer’s generated a far greater revenue in the UK from its food segment than it did from clothing and home in financial year 2024. Marks & Spencer’s supermarket business might outperform the retailer’s clothing and home lines, but it has yet to wedge itself among UK supermarket heavyweights.
M&S clothing
As a clothing and home textile retailer, Marks and Spencer appeal to mid-market consumers. With the proportion of clothing retail losing to food, the revenue generated from home and clothing had taken a downward turn, steadily falling over decade from 2010 to 2020. However, since then, sales have risen again, reaching 3.9 billion British pounds in 2024, the highest figure since the financial year ending in 2017.
M&S food
The food segment has been slowly but surely eating away Marks and Spencer’s clothing retail share in the company’s sales revenue. Yet M&S has the appetite for doing even more for its food business. Taking effect from 2020, Marks and Spencer started online grocery shopping and delivery through a partnership with Ocado. UK’s biggest online supermarket Ocado had previously been working with Waitrose for close to 20 years.
Revenue of Marks & Spencer worldwide in the financial year 2024, by segment
(in million GBP)
Characteristic
Revenue in million GBP
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Marks & Spencer. (May 24, 2024). Revenue of Marks & Spencer worldwide in the financial year 2024, by segment (in million GBP) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/413352/group-revenue-marks-and-spencer-mands-by-segment/
Marks & Spencer. "Revenue of Marks & Spencer worldwide in the financial year 2024, by segment (in million GBP)." Chart. May 24, 2024. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/413352/group-revenue-marks-and-spencer-mands-by-segment/
Marks & Spencer. (2024). Revenue of Marks & Spencer worldwide in the financial year 2024, by segment (in million GBP). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/413352/group-revenue-marks-and-spencer-mands-by-segment/
Marks & Spencer. "Revenue of Marks & Spencer Worldwide in The Financial Year 2024, by Segment (in Million Gbp)." Statista, Statista Inc., 24 May 2024, https://www.statista.com/statistics/413352/group-revenue-marks-and-spencer-mands-by-segment/
Marks & Spencer, Revenue of Marks & Spencer worldwide in the financial year 2024, by segment (in million GBP) Statista, https://www.statista.com/statistics/413352/group-revenue-marks-and-spencer-mands-by-segment/ (last visited September 01, 2024)
Revenue of Marks & Spencer worldwide in the financial year 2024, by segment (in million GBP) [Graph], Marks & Spencer, May 24, 2024. [Online]. Available: https://www.statista.com/statistics/413352/group-revenue-marks-and-spencer-mands-by-segment/