M&S Food outperforms
Marks & Spencer is a hybrid retailer of clothing and food, but the company generates more money through its food sales. Since M&S Food holds a considerable lead over the retailer’s clothing and home textile segment in revenue share, Marks & Spencer is making moves accordingly and prioritizes its food range.
M&S Food delivered to UK homes
In the United Kingdom, fashion retail and supermarket sectors are nothing short of competitive. Meanwhile, encouraged by its increased food sales, Marks & Spencer eyes growth prospects for its food segment. In September 2020, Marks and Spencer signed a deal with the UK’s biggest online grocery delivery service Ocado, who had been in a long-term partnership with Waitrose before. With this step, Waitrose’s relationship with Ocado was put into jeopardy, but an opportunity has arisen for M&S to imprint its name on the expanding online food delivery business.