ReutersTata Consultancy Services (TCS) said on Tuesday that UK-based retailer Marks and Spencer plc (M&S) has extended its partnership with the IT services major to transform its core technology stack, improve pace of innovation and drive sustainable growth.
Deal financials were not disclosed.
During Q4 results in April, the company said that despite an uncertain spending environment, the UK market was growing well.
“Their (TCS) industry advisory capabilities will help us accelerate the pace of business transformation by improving time to market; increasing the efficiency and effectiveness of M&S’ operating model; reducing technical debt; and infusing innovation for growth and value creation,” Katie Bickerstaffe, Co-Chief Executive Officer, M&S PLC.
TCS has been a partner to M&S for over a decade, helping the retailer drive numerous business-critical transformation programmes, including its journey to become a digital-first enterprise.
In the next phase of this partnership, TCS will simplify M&S’ technology landscape and modernise its core business systems with a cloud-first and composable platform strategy.
“As the long-standing transformation partner of M&S, we are fully vested in their purpose and belief that a simplified organisation with a culture of customer centricity and continuous innovation will help them drive sustainable growth in market share, sales, and profit. We are truly delighted to continue and enhance our relationship with them. Our priority is to modernise key enablers and build a high-performance culture that can unlock growth by harnessing the power of their global brand,” said Shankar Narayanan, President, Retail Cluster, TCS.
Deal financials were not disclosed.
ET had reported last month that TCS was in line to win deals valued over $1 billion from the fashion retailer as part of the renewal of its five-year deal announced in 2018.
During Q4 results in April, the company said that despite an uncertain spending environment, the UK market was growing well.
“Their (TCS) industry advisory capabilities will help us accelerate the pace of business transformation by improving time to market; increasing the efficiency and effectiveness of M&S’ operating model; reducing technical debt; and infusing innovation for growth and value creation,” Katie Bickerstaffe, Co-Chief Executive Officer, M&S PLC.
TCS has been a partner to M&S for over a decade, helping the retailer drive numerous business-critical transformation programmes, including its journey to become a digital-first enterprise.
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In the next phase of this partnership, TCS will simplify M&S’ technology landscape and modernise its core business systems with a cloud-first and composable platform strategy.
“As the long-standing transformation partner of M&S, we are fully vested in their purpose and belief that a simplified organisation with a culture of customer centricity and continuous innovation will help them drive sustainable growth in market share, sales, and profit. We are truly delighted to continue and enhance our relationship with them. Our priority is to modernise key enablers and build a high-performance culture that can unlock growth by harnessing the power of their global brand,” said Shankar Narayanan, President, Retail Cluster, TCS.
( Originally published on Apr 25, 2023 )
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