M&S ‘fundamentally changed’ as full-year profits climb and sales rise

M&S store

Although partner Ocado  Retail’s sales declined 4% in the year, M&S products comprised over a quarter of shoppers’ baskets during the period, and the retailer said that it is investing in increased capacity with the online grocer which “has the potential to grow the business by over 50% when fully ramped up”.

 

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