Marks & Spencer food sales in the United Kingdom (UK) 2009-2024

The Marks & Spencer food segment delivered improved revenue since 2009, ultimately reaching approximately 8.2 billion British pounds in the financial year 2024. Marks & Spencer might not be the nation’s most used supermarket yet, but each year it taps more and more into the UK grocery market, redirecting its focus from clothing to food retail.

M&S Food outperforms

Marks & Spencer is a hybrid retailer of clothing and food, but the company generates more money through its food sales. Since M&S Food holds a considerable lead over the retailer’s clothing and home textile segment in revenue share, Marks & Spencer is making moves accordingly and prioritizes its food range.

M&S Food delivered to UK homes

In the United Kingdom, fashion retail and supermarket sectors are nothing short of competitive. Meanwhile, encouraged by its increased food sales, Marks & Spencer eyes growth prospects for its food segment. In September 2020, Marks and Spencer signed a deal with the UK’s biggest online grocery delivery service Ocado, who had been in a long-term partnership with Waitrose before. With this step, Waitrose’s relationship with Ocado was put into jeopardy, but an opportunity has arisen for M&S to imprint its name on the expanding online food delivery business.