Marks & Sp. Share Price (MKS)

The main thing to remember with Ocado Retail is that the potential for growth is extraordinary - it is totally unlike the rest of the M&S business empire.
We have all watched Amazon grow over the last ten years or so - the Ocado technology is far more advanced than Amazon's.

The tie up with Ocado will allow MKS to sell a lot more than Waitrose have been doing. Currently MKS ready meals are far superior to the Waitrose offers. If MKS raise their game you will be ordering a pair of jeans with your groceries. the Ocado development is the best thing MKS have done for 20/30 years.

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Millennium International Management LP MARKS & SPENCER GROUP PLC GB0031274896 1.54 26/05/2020

M&S will be a spectator as we watch a consolidation in the number of out of town large superstores - this will probably be as a result of takeovers or mergers but off course the first attempt at that failed with Sainsbury and Asda.

More immediately I think that we will see the demise of some of our main high streets with chain retailers moving out in mass.

This will leave just the main High Streets and centres across the country as destination centres and enable M&S to consolidate their store network. Maybe as few as 50 locations where M&S can operate a full line store will be left in 5 years.