M&S today (10 November) hosts a Capital Markets Day, at which it will provide an update on progress against its Reinvesting for Growth transformation agenda and set out its ambitions for the next phase of growth.
Building on the stronger foundations established over recent years, the British retailer’s ambition is to achieve mid-to-high single-digit sales growth over the medium-term, with profit growth ahead of sales.
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M&S’ medium-term ambitions for its three accountable businesses, including fashion, home & beauty, are to increase online participation towards 50% with 180 highly productive stores.
It aims to continue gaining market share and delivering operating margins of more than 10% in both channels.
Internationally, it plans to build a more global M&S brand presence through capital-light channels.
Delivering these ambitions will require continued investment in the retailer’s proposition and the transformation of its end-to-end operating model, with the aim of driving productivity and operating leverage as the business gro...