Marks & Spencer Group PLC
MKS: XLON (GBR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| GBX 275.00 | Wyrs | Knsjynqfl |
Marks & Spencer Restructuring Bears Fruit With Food Leading the Way
Business Strategy and Outlook
In a fiercely competitive United Kingdom retail marketplace Marks & Spencer Group's underperformance is yet another sign of the difficulty in developing competitive advantages in the retail sector, leaving it exposed to disruption from new players such as price-led discounters and online retailers. When new management took over in 2016, a fresh transformational plan was implemented. Although slow at the beginning, progress has been material postcoronavirus, with the company aggressively slashing costs at a rapid pace in light of strong headwinds for its nonfood business caused by pandemic-driven lockdowns.