Britain’s M&S expands on the internet business enterprise to around 100 markets
1 min readLONDON (Reuters) – British retailer Marks & Spencer has introduced 46 websites in new marketplaces, expanding its on the net get to to above 100 nations, it said on Monday.
The team explained the growth into nations from Argentina and Brazil to South Korea and Pakistan was section of its system to accelerate its on-line company.
When M&S released 1st-50 % final results in November it reported a 75% increase in intercontinental e-commerce revenue, underlining the shift in on line shell out in the course of the COVID-19 pandemic.
“We’re centered on turbocharging our online organization both in the Uk and internationally, and as section of this we see a genuine option in extending the number of nations around the world in which we operate an on-line channel even further,” reported Paul Friston, M&S’s international director.
The websites will provide M&S’s outfits and home merchandise.
In January rival John Lewis explained it was no for a longer time pursuing international enlargement and had ceased its on the web shipping and delivery support.
M&S, which also sells food, has been hit hard by the pandemic as lockdowns have shuttered most of its garments place.
Shares in the group were up .5% at 1116 GMT, paring losses above the previous calendar year to 5%.
Reporting by James Davey, Modifying by Paul Sandle and Louise Heavens
