M&S targets doubling of food business after Ocado deal
British retailer Marks & Spencer (MKS.L) is targeting a doubling of its 6 billion pound ($7.5 billion) food business, driven by its new joint venture with online supermarket Ocado.
M&S bought a 50% share in Ocado’s UK retail business for an initial 562.5 million pounds ($701 million) in February, which will provide M&S with a home-delivery service from September 2020 at the latest.
M&S wants to make at least a third of its clothing and home sales online by 2022
Related news
Kroger to close 3 e-commerce facilities
The grocer said it will shutter one spoke warehouse in…
Read more >Hungarians prefer to pick up their online orders at parcel machines in the Central European region
Central European customers clearly prefer particularly fast home delivery –…
Read more >European Private Label Awards 2024 – Winners Announced
Retailers from Germany, Italy, France, Spain, Denmark, Finland, Norway, Belgium,…
Read more >Related news
The 8th Debrecziner Gourmet shines in the light of a Michelin star
Delicious meals, Palya Bea and June forest scent in Debrecen:…
Read more >The 10th annual Food Truck Show opens on Friday
The 10-year Food Truck Show opens tomorrow, where the latest…
Read more >IP Day 2024 – the focus of the day was on sustainability and the utilization of knowledge of universities and research institutes, and the Millennium Awards were also presented
April 26 is the World Intellectual Property Day, which the…
Read more >