Connect with us

Hi, what are you looking for?

Editor’s Pick

M&S to provide sandwiches and hot food for Costa Coffee

Marks & Spencer is to provide sandwiches and hot food to more than 2,500 Costa Coffee outlets as the retailer seeks new ways to reach commuters now working from home.

M&S said it would be providing more than 30 different items to Costa including children’s food, hot meal boxes and salads under the collaboration with the UK’s biggest coffee shop chain.

The retailer said the partnership with the coffee shop, which was bought by Coca-Cola in 2018, would help it reach neighbourhood locations, drive-throughs, high streets and retail parks.

The deal is M&S’s latest effort to widen the distribution of its food after it bought a share in Ocado’s retail arm and replaced Waitrose as the online grocery specialist’s main partner. The deal with Ocado resulted in M&S being able to begin selling groceries online for home delivery for the first time just over a year ago.

M&S has also tested its Simply Food convenience store outlets in WH Smith stores and provided food for some British Airways flights for about three years ending in 2020.

Meanwhile, M&S has been revamping its stores and products to appeal more to families, helping the group return to a pre-tax profit in the six months to October after a loss of almost GBP88m in the same period last year.

The strong performance reflected a 10% jump in food sales as well as “substantial improvement” across its once struggling clothing and homeware business.

Stuart Machin, the managing director of M&S’s food division, said: “Bringing together delicious, great quality M&S food and the nation’s largest chain of coffee shops is great for customers as it extends our reach and supports our strategy of making M&S more relevant, more often for families.”

Analysts said the tie-up could be good for both parties, with M&S benefiting from extra sales and the higher volumes lifting its profit margins. Costa has the chance to extend the variety food it offers, particularly on healthy eating and new trends such as plant-based foods in which M&S has already developed full ranges.

Bryan Roberts, a retail analyst at Shopfloor Insights, said retailers were looking at new ways to sell their products in local neighbourhoods as trips to city centres had reduced during the pandemic. “Lifestyles are changing with the shift to working from home and Costa needs to raise its game on food and M&S has the brand name and credentials [to help it do that],” he said.

Neil Lake, the managing director of Costa Coffee’s UK and Irish division, said: “This collaboration with M&S … will build on our existing food range and help us fulfil our ambition to become the first choice for customers buying food and coffee on-the-go.”

Read more:
M&S to provide sandwiches and hot food for Costa Coffee

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Editor’s Pick

UK pubs missed out on a staggering £155 million summer World Cup boost, new analysis has revealed. The hospitality sector was already among the...

Editor’s Pick

Cornish second home owners are set to pay double in council tax after a proposal which would see the local authority granted powers to...

News

LOCAL STOCKS are expected to move sideways on Friday on tepid market activity as investors wait for the release of November US inflation data...

Editor’s Pick

The UK will build its first new coalmine for three decades at Whitehaven in Cumbria, despite objections locally, across the UK and from around...

News

SPEAKER Martin G. Romualdez during the opening of the 19th Congress at the House of Representatives in Quezon City on July 25. — PHILIPPINE...

News

PHILSTAR FILE PHOTO/ RELEASE JBROS CONSTRUCTION CORP. By Luisa Maria Jacinta C. Jocson, Reporter LOCAL government units (LGUs) face an uphill task in staffing...

You May Also Like

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.