M&S Makes Big Announcement After Cyber Attack and It's Brilliant News for Shoppers - Manchester Evening News
8 Articles
8 Articles
Sosandar cuts profit and sales guidance for the year
In order to mitigate the effects of the M&S cyberattack on its sales, Sosandar has lowered its profit and sales guidance for the year. Following its decision to halt the opening of new stores to focus on profitable growth—and the fact that it had made no sales through M&S, its second-largest third-party partner, since mid-April—the […] The post Sosandar cuts profit and sales guidance for the year appeared first on Apparel Resources.
Sosandar to focus on market towns for future stores
Drapers Sosandar to focus on market towns for future stores Sosandar co-CEOs Ali Hall and Julie Lavington are narrowing their focus to market town locations for stores, as the business gives a "cautious" outlook following the "substantial impact" of Marks & Spencer's cyber attack on sales.The post Sosandar to focus on market towns for future stores appeared first on Drapers.
Sosandar shares fall 20% amid Marks & Spencer hit – Northern Financial Review
Shares of Sosandar plc, the Wilmslow-based fashion firm run by former magazine publishers Ali Hall and Julie Lavington, fell more than 20% on Tuesday after the firm said it is “moderating” its expectations for revenue and profit growth in the current year. Sosandar published results for the year ended March 31, 2025, showing revenue fell 20% to £37.1 million “reflecting a deliberate transition away from price promotional activity in order to imp…
Sosandar lowers FY26 guidance after M&S cyber attack
Sosandar has lowered its profit expectation for the current year, revealing that it now expects revenues to rise 18% to £43.6m with pre-tax profits of £400k, after a cyber attack at its second largest third-party partner M&S disrupted sales in the first quarter. The company previously expected £46.2m in revenues for FY26 and £1.5m in adjusted pre-tax profits, but has now made the decision to pause new store openings to focus on making its exist…
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