Event CoverageM&S Capital Markets Day 2026: How M&S Plans To Double Food Sales and Restore Fashion Margins Aditya Kaushik, Analyst Sector Lead: John Mercer, Head of Global Research and Managing Director of Retail Research November 13, 2026 Reasons to ReadDiscover how M&S plans to grow sales and profit over the medium term and what its plan means for food, fashion, home & beauty, and online. Read this report to discover answers to these and other questions: How is the M&S food business positioned against its new margin target? What does fashion, home & beauty need to change to reach its margin target as online grows? How do the supply chain, technology and store programs support the margin targets? What are the execution risks in rebuilding the supply chain, technology and online operations at the same time? How does M&S plan to fund its investment program while increasing shareholder returns? Companies mentioned in this report include: Marks & Spencer, Sephora. Data in this report include: food and FH&B operating margins and value market shares versus targets; FH&B online and store margins; online customer metrics; online cost-to-serve and returns processing costs; investment milestones; capital spending, hurdle rates and the shareholder returns framework. Already a member? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our membership plans. View Membership Plans or Contact us to purchase this report. Contact us ✕ This document was generated for
