Marks & Spencer has long been a tale of two halves, with grocery on a seemingly unstoppable run while clothing and home floundered.
The food arm of the ailing department store business had previously been its star performer, with sales continuing to rise even as its clothing arm sank to new depths. But that poster child came to a sudden halt in 2017 and M&S has been trying to shore it up ever since.
Major new appointments aimed at arresting failure include Stuart Machin, previously of Asda, Tesco and Sainsbury’s, as managing director of food, and Samantha Hornsby from Tesco as head of food online, who together form a strong strategic backbone to the retailer’s desire to return to profitable growth in grocery.
The addition of lauded former Sainsbury’s boss Justin King, who was responsible as boss of M&S Food for the launch of the Simply Food convenience format in the early 2000s, further strengthens the team.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few moments before your account is updated.