Marks & Spencer seeks technology savings through Tata partnership

Britain's Marks & Spencer has appointed Tata Consultancy Services (TCS) as its technology partner and is targeting annual efficiency savings of about 30 million pounds ($40.5 million) in the area by 2021-22.

M&S said on Tuesday implementing a new technology programme, which involves TCS taking on core supplier services and management of specialist suppliers, would incur a one-off cost to implement of 25 million pounds. In November the clothing and home retailer detailed a new five-year strategy, part of which involved eking.

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