M&S continues to build momentum
Source: Josh Holmes, Linkedin ✨ Marks and Spencer continues to build momentum despite one of the most disruptive cyber attacks ever faced by a retailer. FY25/26 results: • Group sales up 1.9% to £14.2bn • Food sales up 7.0% to £9.7bn • Fashion, Home & Beauty sales down 7.7% to £3.9bn • Adjusted profit before tax down 23.8% to £671m Behind the numbers: 1. Food is the growth engine: Food sales are now approaching £10bn, market share has risen to 4.1% and 800,000 shoppers were added during the year. New, larger Food halls and continued growth through Ocado Retail are extending its reach. The result is a retailer increasingly competing for a bigger share of the weekly shop, not just premium top-up missions. 2. Bigger better stores: M&S opened 12 new Food stores during the year and plans another 18 this year, including several former Homebase locations. Larger Food halls and renewed full-line stores allow customers to shop more of the M&S offer in one place. That suppor...