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M&S poaches Tesco’s online guru Wade-Gery

first_imgMonday 7 February 2011 3:16 pm Tags: NULL Upmarket retailer Marks & Spencer has poached Laura Wade-Gery from supermarket group Tesco to head its internet business, underscoring new boss Marc Bolland’s commitment to online sales growth.M&S, the UK’s biggest clothing retailer, said Wade-Gery is to join as executive director of multi-channel and e-commerce at a time and on terms to be confirmed.In his strategic review in November, Bolland unveiled plans to double M&S’s online sales, which totalled £413m in the year ended March 2010, by 2013-14.“It’s a fantastic appointment – a real statement of intent,” said Peel Hunt analyst John Stevenson, though he added a big improvement in M&S’s online business might not come until its new platform had been introduced in a couple of years.M&S, which also sells homewares and upmarket groceries, has been criticised by some analysts for being slow to take advantage of the boom in internet shopping.Its closest rival in clothing, Next, made £873m of sales at its home shopping business in the year ended January 2010.Wade-Gery’s move will be a blow to Tesco, Britain’s biggest retailer, which has seen a number of high-profile management departures in recent years.She had been due to move from her online role at Tesco to become head of non-food in the UK, an area where analysts are keen for improvement after weaker-than-expected sales at Christmas.However, Peel Hunt’s Stevenson said departures were inevitable for a company of Tesco’s size and success, and there was plenty of talent within its ranks.Tesco said Per Bank, currently head of its Hungary business, had been appointed as commercial director for UK clothing, electricals and general merchandise with effect from March 1.M&S shares closed up one per cent at 359.8p before news of the appointment. Tesco ended down 0.1 per cent at 402.1p. whatsapp alison.lock Share whatsappcenter_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo M&S poaches Tesco’s online guru Wade-Gery Show Comments ▼ More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comlast_img

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