Marks And Spencer Muscles Into A Prime Spot On The Grocery E-Commerce Dancefloor
“The customer trolley dash for treats at Marks and Spencer Group Plc (LON:MKS), which has prompted the retailer to raise its forecast for full year profit, shows just how lucrative the food arm of the business has become. Marks and Spencer may have been late to the grocery e-commerce party, but arriving with Ocado in arm, it’s muscled into a prime spot on the dance floor, and is enjoying the hits. It looks like this long suffering high street stalwart has turned a sharp corner, proof that management’s transformation strategy is paying off, and investors have cheered on the news with shares ris...