Marks & Spencer group revenue 2024, by segment

Marks and Spencer is a double retailer of clothing and food, with the balance tipping towards the latter. As seen in the present statistic, Marks & Spencer’s generated a far greater revenue in the UK from its food segment than it did from clothing and home in financial year 2024. Marks & Spencer’s supermarket business might outperform the retailer’s clothing and home lines, but it has yet to wedge itself among UK supermarket heavyweights.  

M&S clothing

  As a clothing and home textile retailer, Marks and Spencer appeal to mid-market consumers. With the proportion of clothing retail losing to food, the revenue generated from home and clothing had taken a downward turn, steadily falling over decade from 2010 to 2020. However, since then, sales have risen again, reaching 3.9 billion British pounds in 2024, the highest figure since the financial year ending in 2017.  
 

M&S food

  The food segment has been slowly but surely eating away Marks and Spencer’s clothing retail share in the company’s sales revenue. Yet M&S has the appetite for doing even more for its food business. Taking effect from 2020, Marks and Spencer started online grocery shopping and delivery through a partnership with Ocado. UK’s biggest online supermarket Ocado had previously been working with Waitrose for close to 20 years.