Flash Report 5 minutesRegister for Free AccessLegacy 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? Register for a free user account. This document was generated for Other research you may be interested in: Fewer Consumers Report Inflation-Induced Shopping Changes: US Consumer Survey InsightsWeekly US and UK Store Openings and Closures Tracker 2023, Week 24: UK Openings Up 38%June 2023 US Housing Market Indicators: New Home Sales Continue To ShineFebruary 2023 UK Retail Sales: Total Sales Post Strongest Growth in a Year