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M&S Food and bp extend successful forecourt convenience relationship

Release date:
14 January 2022
  • Renew strategic convenience agreement in Great Britain until at least 2030‎
  • Agreement combines bp’s expertise in forecourt retail with one of the nation’s best ‎loved food retailers.
bp and M&S ‎–‎ our journey

bp and M&S have agreed to extend their convenience agreement until 2030, aiming to build on the ‎success of their 16-year collaboration and work together to evolve the forecourt offer as customers’ ‎behaviour changes over the next decade.‎


The pair first teamed up in 2005 to introduce M&S Food stores at bp retail sites in Great Britain and ‎transformed the market by offering a tailored curated range of fresh quality food for the customer on ‎the move. M&S Food is now available at almost 300 bp-operated sites across Great Britain.‎


‎“We’re proud to continue to build on nearly two decades of our great partnership with M&S, one of the ‎UK’s leading food retailers,” says Alex Jensen, bp’s senior vice president for mobility and convenience, ‎Europe and Southern Africa.

 

“bp’s partnership with M&S Food has led the way in the UK and we aim to continue ‎to innovate and grow to meet our customers’ needs.”

 

Alex Jensen, senior vice president for mobility and convenience, ‎Europe and Southern Africa, bp

 

“Of course, our sites provide advanced fuels, but our customers also want high-quality healthy food ‎options, for now and for later. And they also want increasingly convenient ways to buy that fit in with ‎their busy lifestyles. bp’s partnership with M&S Food has led the way in the UK and we aim to continue ‎to innovate and grow to meet our customers’ needs,” continues Jensen.‎

 

M&S chief operating officer and M&S Food managing director Stuart Machin said: “M&S Food ‎is ‎famous for great quality food at fantastic value and over the past 16 years our partnership with ‎bp has ‎given many more customers the opportunity to enjoy our wide range of delicious ‎sandwiches, meals ‎and everyday staples in almost 300 locations across Great Britain.‎


‎“This extended commitment will enable us to work together to invest in the look and feel of the ‎stores, ‎building on the M&S renewal programme, and our supply chain to maximize availability ‎and reduce food ‎waste.”‎

 

Convenience – a key contributor to bp’s strategy

The convenience sector continues to grow, fuelled by changing consumer demands – shopping little ‎and more often and topping up at convenience stores, and the growing trend for delivered food. During ‎lockdown, customers were buying 20% more at bp forecourt stores and this trend continues as the ‎forecourt becomes an integral part of the community.


Based on Euromonitor analysis, in 45 of the leading economies of the world convenience is expected to ‎nearly double by 2030, growing at more than 5% a year.‎


Today, customers can choose from a wide range of curated M&S Food products with some bp stores ‎stocking up to 1,300 different M&S Food products.‎


Over the past 16 years, customers have bought 13 million bunches of flowers, 25 million bottles of ‎wine and 14 million packets of Percy pigs. And just in the past three years, customers have bought 28 ‎million bottles of milk and 22 million loaves of bread.


With around half of forecourt transactions today being retail only (not involving fuel), we can see that ‎customers enjoy the appeal and convenience of M&S Food at bp.‎

Notes to editors

 

About bp

 

bp’s purpose is to reimagine energy for people and our planet. It has set out an ambition ‎to be a ‎net zero company by 2050, or sooner and help the world get to net zero, and a ‎strategy for ‎delivering on that ambition. For more information visit bp.com.‎


About M&S Food


Visit M&S online.

Further information

 

Contact

 

bp press office London: +44 7831 095541, +44 7919 217511‎, bppress@bp.com

Cautionary statement

 

In order to utilize the ‘safe harbor’ provisions of the United States Private Securities Litigation Reform Act of ‎‎1995 (the ‘PSLRA’), bp is providing the following cautionary statement. This press release contains certain ‎forward-looking statements – that is, statements related to future, not past events and circumstances – ‎which may relate to one or more of the financial condition, results of operations and businesses of bp and ‎certain of the plans and objectives of bp with respect to these items. These statements are generally, but not ‎always, identified by the use of words such as ‘will’, ‘expects’, ‘is expected to’, ‘aims’', ‘should’, ‘may’, ‎‎‘objective’, ‘is likely to’, ‘intends’, ‘believes’, ‘anticipates’, ‘plans’, ‘we see’ or similar expressions. Actual ‎results may differ from those expressed in such statements, depending on a variety of factors including the ‎risk factors set forth in our most recent Annual Report and Form 20-F under “Risk factors” and in any of our ‎more recent public reports.‎


Our most recent Annual Report and Form 20-F and other period filings are available on our website at ‎www.bp.com, or can be obtained from the SEC by calling 1-800-SEC-0330 or on its website at www.sec.gov.‎