M&S distribution network revamp cost retailer £13.1m


Marks & Spencer was stung with a £13.1m net charge last year in its UK logistics operation as it pushed ahead with the restructure of its Clothing & Home distribution network to a single-tier format. In its full-year results for the year ended 31 March, distribution woes and supply chain restructuring played their part in the retailer’s 62.1% pre-tax profit slump from £176.4m in 2017 to £66.8m. In its results, the retailer said its supply chains in both Food and […]