Information Age magazine has highlighted a couple of tech-related nuggets from the latest M&S annual report
The UK’s most famous retailer has earmarked £450 million for IT spending over the next three years in a bid to push into international and online markets and ease its reliance on the ailing UK retail environment.
“We’re planning to take more control of our logistics from source to store, allowing us to monitor our stock more efficiently and improve margins,” the report said.
The report also revealed the company’s motivation for this IT focus – it’s online business, M&S Direct, grew 70% over the year (making £300 million in sales), while international sales grew 16% bringing in £713 million.
City Chap 