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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: New Tariffs, New Challenges: How US Trade Policies Could Impact Prices and ProfitsHoliday 2024: UK Retail Wrap-Up—Cautious Spending and Late Shopping Fuel Volatile Peak TradingMusic Festivals: A Key Opportunity for Retail Brand EngagementWeekly UK Store Openings and Closures Tracker 2025, Week 28: Watches of Switzerland Pulls Back on UK Store Estate