Technology
M&S Grocery Sales Bounce Back After Last Year’s Cyberattack
Key Points
M&S Grocery Sales Bounce Back After Last Year’s Cyberattack Marks & Spencer Plc’s grocery sales jumped more than expected, aiding the British retailer’s recovery from last year’s cyberattack. Like-for-like food sales rose 11.7% in the six months ended Sept. 26, M&S said Wednesday, ahead of the 10.9% estimated by analysts surveyed by Bloomberg. Clothing and homeware, which were most disrupted last year, grew 17.3%, just shy of analyst expectations.
M&S Grocery Sales Bounce Back After Last Year’s Cyberattack
Marks & Spencer Plc’s grocery sales jumped more than expected, aiding the British retailer’s recovery from last year’s cyberattack.
Like-for-like food sales rose 11.7% in the six months ended Sept. 26, M&S said Wednesday, ahead of the 10.9% estimated by analysts surveyed by Bloomberg. Clothing and homeware, which were most disrupted last year, grew 17.3%, just shy of analyst expectations.