M&S Cyber Attack Disruption Expected Until July

M&S Cyber Attack Disruption

Marks & Spencer has stated that the fallout from a significant cyber attack is set to linger until July, with an estimated cost of £300 million to the company. The retail giant faced disruptions following the hacking incident over the Easter weekend, leading to ceased online orders and bare shelves. Despite improvements in food sales, the business's online revenues and profits in the fashion, home, and beauty sectors have suffered considerably. CEO Stuart Machin remains optimistic about the company's recovery and growth plans, emphasizing a determination to emerge from this difficult phase as a stronger entity.