Marks & Spencer’s network restructure starting to pay off


 

Marks & Spencer shaved 8.3% off its distribution costs last year. In its latest results, for the year ended 28 March 2015, the retail giant spent £408.7m on its distribution activities, down from £445.5m the previous year. Savings were attributed to a combination of new contractual terms with long-term food logistics operator Gist, benefits from the first stage of its network restructure, and lower volumes in general merchandise. M&S announced in 2009 that it would be moving from 110 smaller, […]