Reported 3 days ago
Marks & Spencer's food sales rose 10.8% year-on-year in the 12 weeks to May 17, despite disruptions from a recent cyberattack that affected product availability. NielsenIQ noted an increase in M&S's grocery market share to 3.8%, though sales growth decelerated compared to previous periods. The company paused online clothing orders to manage the situation, anticipating losses of approximately £300 million due to the operational impacts of the attack, which might extend disruptions until July.
Source: YAHOO