Business2 sources

Marks & Spencer Recovers from Cyber-Attack with Profit Increase

  • Marks & Spencer's profits increased to £355m in the six months to 26 September, up from £3.4m a year ago.
  • The retailer experienced a cyber-attack last year that disrupted its website and affected clothing sales.
  • Sales and profit from clothing and homeware remain below levels from two years ago.
  • Grocery sales during the summer contributed to the retailer's recovery.
  • Marks & Spencer states that the brand is in good health despite the lingering effects of the cyber-attack.
Marks & Spencer Recovers from Cyber-Attack with Profit Increase | Split Angle