See every side of every news story
Published loading...Updated

Cyber-attack cost Marks & Spencer £300m in lost sales, company results reveal

  • British retailer Marks & Spencer reported that a cyberattack will cost the company £300 million in annual profits.
  • The cyberattack occurred over the Easter holiday, disrupting food sales and online retail.
  • Marks & Spencer experienced a loss of over £1 billion in stock market value due to the attack, which is expected to impact operations into July.
  • Chief Executive Stuart Machin stated that the company is focused on recovery and restoring its systems and operations.
Insights by Ground AI
Does this summary seem wrong?

162 Articles

Lean Left

A victim of a computer attack since mid-April, the British distribution chain has provided an initial estimate of its financial impact.

·Paris, France
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 51% of the sources are Center
51% Center

Factuality 

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

retail-insight-network.com broke the news in on Tuesday, May 20, 2025.
Sources are mostly out of (0)