Marks & Spencer is planning to open 150 more food stores over the next three years as sales of its groceries continue to outstrip clothes and homeware.
CEO Marc Bolland has said he wishes to quicken the pace of expansion in food as the retailer continues to gain market share in its domestic market.
The British department store chain is also bringing its standalone food stores to mainland Europe after securing its first international food franchise deal after a trial of six stores in Holland proved to be a success. An estimated ten stores will open at stations and airports in France as part of a partnership with Relay – a convenience store chain.
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