Morrisons ‘Bounces Back’ From Cyber Attack Despite Pressure on Shoppers

Morrisons ‘bounces back’ from cyber attack despite pressure on shoppers

The attack disrupted Christmas trading for the business

Bradford-based Morrisons 'bounces back' with strong sales after cyber attack

Morrisons said it has “bounced back” from a cyber attack which disrupted its Christmas trading, as it posted stronger sales and profits for the…

Morrisons Bounces Back From Cyber-Attack With Strong Sales Growth And Fresh Focus On Value

Morrisons chief executive Rami Baitiéh has praised the retailer’s resilience following a major cyber-attack that disrupted its operations late last year.The Bradford-based supermarket was hit in November when technology provider Blue Yonder fell victim to a ransomware incident. The breach significantly impacted Morrisons’ ability to manage stock and fulfil orders, prompting the rapid development of a new warehouse management system.Despite the u…

Morrisons rebounds from cyber‑disruption with stronger second‑quarter sales – Your Capital Minds

The UK’s fifth‑largest supermarket said like‑for‑like sales grew 3.9 per cent in the three months to early June, up from 2.1 per cent in the previous quarter, when a cyberattack on supply‑chain software provider Blue Yonder forced the retailer to slash prices on some items to keep shelves stocked. Including new space, total sales rose 4.2 per cent to £3.9 billion, while underlying EBITDA for the first half climbed 7.2 per cent to £344 million. (…

Solid Quarter For Morrisons As It Continues To Implement Turnaround Plan

Morrisons delivered a rise in profits and revenues during its second quarter after it “bounced back strongly” from the cyber attack last year that impacted its trading ahead of the key Christmas trading period. During the 13 weeks to 27th (more…) The post Solid Quarter For Morrisons As It Continues To Implement Turnaround Plan appeared first on KamCity.

Morrisons boosts sales amid looming 'trolley wars'

Supermarket giant Morrisons has posted an increase in sales as it works to offload debt and compete in an ever-tougher sector. Like-for-like sales rose 3.9 per cent in the second quarter of the year, while total sales grew 4.2 per cent to £3.9bn. Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) increased 7.2 per cent in the first half of the year to £344m. Chief executive Rami Baitiéh said: “Against the backdrop o…