Marks & Spencer makes £35m supply chain savings
31 May 2010
Source: IGD Supply Chain Analysis
Marks & Spencer has announced it saved £35m from its supply chain in 2009/10 through warehouse consolidation and implementation of a number of efficiency projects.
The announcement came as the retailer released its results for the year ending 27 March 2010 revealing a 3.2% increase in revenue to £9.3bn with UK like for like sales growing by 0.9%.
Chairman, Sir Stuart Rose, commented: "Marks & Spencer has had a good year. We have improved performance in all core areas, demonstrating the resilience of the M&S brand. We took action to guide M&S through the recession without losing sight of what matters most to our customers – quality and value."
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