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05.11.25 - 16:42
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Cyberattack on Marks & Spencer slices profits by more than a half (AP)
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LONDON (AP) — British retailer Marks and Spencer saw its half-year profits more than halve as a result of a cyberattack that brought its online business to a grinding halt. In a statement Wednesday, M&S said its underlying pretax profits tumbled 55.4% to 184.1 million pounds ($240 million) in the six months to Sept. 27,......
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05.11.25 - 09:42
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Marks & Spencer profits more than halve after cyber-attack (The Guardian)
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Clothing and homeware sales slump after retailer had to halt online orders for more than six weeksBusiness live – latest updatesProfits at Marks & Spencer have more than halved after the retailer suffered a damaging cyber-attack, which is still affecting its struggling clothing and homeware business.The retailer said underlying profits more than halved to £184.1m in the six months to 27 September from £413.1m a year before, after it had to halt online orders of clothing and homewares for more than six weeks. Continue reading......
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21.05.25 - 08:24
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Cyber-attack cost Marks & Spencer £300m in lost sales, company results reveal (The Guardian)
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Hack on IT systems over Easter weekend has forced halt to online orders and a struggle to stack shelves Marks & Spencer has said it will lose an estimated £300m as a result of a damaging cyber-attack that has forced it to halt online orders and struggle to keep store shelves stocked.The number was revealed as M&S said annual pre-tax profits rose a better than expected 22% to £876m ahead of the cyber attack. Continue reading......
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14.01.25 - 16:48
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Ocado Retail Revenue Soars (WSJ EN)
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Ocado said revenue from Ocado Retail, its joint venture co-owned with Marks & Spencer grew sharply, driven by improved volumes and a record Christmas performance....
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14.01.25 - 09:24
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Ocado Retail Q4 Retail Revenue Up 17.5% (AFX)
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LONDON (dpa-AFX) - Ocado Retail Ltd, a joint venture between Ocado Group plc and Marks & Spencer Group plc, issued trading statement for the 13 weeks to 1st December 2024. Fourth quarter retail re......
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