Marks and Spencer plans to launch supermarket-size food stores
Category: #retail  By Pankaj Singh  Date: 2019-03-19
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Marks and Spencer plans to launch supermarket-size food stores

The announcement ties in with a recent agreement signed by M&S with Ocado

Marks and Spencer (M&S) is reportedly set to persuade families by opening super market-sized food stores to widen the range of food it offers. As per trusted sources, the company has planned to open larger food halls of 12,000-15,000 square feet, slightly bigger than its store in Martlesham Heath.

M&S will revamp some area selling clothes in its existing branches to offer wider range of groceries to attract families to buy groceries from its shops and change perception of people that the retailer owns only luxury or top up stores.

Reportedly, Food MD Stuart Machin reportedly quoted in his letter to suppliers that the decision would help the retailer to compete with major supermarkets like Waitrose, Sainsbury’s, and Tesco.

Machin stated that it is an assumption that M&S Food is not a full range business, but full range is unrivalled in taste and quality and have over 6,500 lines. Full range is available in only a dozen or so stores because M&S don’t get that in front of enough customers, but this will change soon.

A campaign conducted by Mirror, ‘High Street Fightback’, demanded to revive town centers by funding to revitalize high streets, better public transport, and an end to rip-off parking charges. Mirror also demanded to review planning of laws, new tax on online sales, powers of council for neglected sites and rate relief for stores taking empty stores.

As reported by BBC, the announcement ties in with a recent agreement signed by M&S with Ocado. The agreement states that Ocado would offer the full M&S product line for home delivery. According to industry experts, there is more benefit for Ocado in this deal than M&S.

Currently, Ocado shoppers spend an average of £100 on each shop, while M&S averages just more than £13 per shop. Reportedly, larger shops would make customers aware of the products and they are likely to buy more.



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Pankaj Singh

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Pankaj Singh

Pankaj Singh Develops content for Market Size Forecasters, Algosonline, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

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