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Jul 26 2022, 16:35 IST/BST
Marks Electrical Group (MRK) is an online retailer selling Major Domestic Appliances (MDAs) across the UK. Having undergone a renaissance during the COVID-19 pandemic, MRK now has heightened ambitions to scale its already profitable business model by increasing brand awareness, growing the product range and further enhancing the customer offering. Operating from a single, central-UK location, MRK runs an efficient logistics operation that provides next-day delivery to 99% of England. We initiate with a ‘Neutral’ rating and a price target of 100p.