Flash ReportLegacy UK Retailers Tesco and Marks & Spencer Think Radically to Expand Margins and Revive Revenue Growth Coresight Research January 29, 2019 Executive Summary Tesco will cut around 9,000 store-level jobs as it closes fresh-food counters across a swath of stores. M&S and online grocery platform Ocado are said to be in talks for some form of partnership — possibly for M&S to supply its products to Ocado. Both moves underscore the pinch legacy retailers are feeling from twin structural shifts to discount formats and to the online channel. Incumbent retailers are adapting by stripping out costs and searching for new revenue streams in e-commerce, including through wholesaling to online retailers such as Amazon and Ocado. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Analyst Corner: Constrained Consumers Could Soon “Get to the Goods” Again—Evolving In-Store Loss Prevention, with John HarmonBreathing Space for US Retailers and Brands: US Tariffs Paused for 90 Days But Hiked Further for ChinaStore of the Future: Unlocking Performance Through InnovationSentiment Declines After Weeks of Gains; Plus, Beauty Shopping in Focus: US Consumer Survey Insights
