Overview Key strengths Key risks Marks&Spencer (M&S) is one of the largest retailers in the U.K., holding strong positions in the food and clothing and home (C&H) markets; with a 50% share in the largest independent U.K. online grocery retailer, Ocado Retail; and generating annual revenue of over £13 billion. Concentrated in the U.K., a fiercely competitive market, with pricing pressure from discounters, online, value, and fast-fashion retailers. Well-known, quality-focused brand with an extensive store footprint and established omnichannel capabilities in the U.K., plus modest international outreach. Continual pressure on margins exacerbated by the inflationary headwinds on labor costs and elevated spending on strategic projects, aimed at operating efficiency and growth initiatives. Moderate financial policy, aiming for leverage
