Marks & Spencer will overtake John Lewis by 2026, according to sales forecast
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Marks & Spencer will overtake John Lewis in the rankings of the UK’s biggest retailers by 2026, according to a new sales forecast. The forecast, which calculated the compound annual growth rate of the top 30 retailers by sales in the UK, found M&S is on track to overtake the John Lewis Partnership within three years. “It has been on a long-term mission to transform its business, first under Steve Rowe’s five-year plan and now under the Reshaping for Growth strategy led by co-chief executives Stuart Machin and Katie Bickerstaffe.” She added: “With a reduced store portfolio for John Lewis department stores, there are many customers that do not have easy access to a store. “Waitrose has Retail Week calculated that Amazon’s growth will overtake Asda’s by almost £8 billion, while Tesco’s rate of 3.1% will fall slightly behind Sainsbury’s 4.1%.
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