M&S profits halved due to cyber attack

0 views
0%

M&S profits halved due to cyber attack

M&S says its profits were cut in half because of the cyber attack which brought its online business to a halt for more than six weeks.

[Subscribe to our Substack newsletter: https://channel4news.substack.com/subscribe]

The company said underlying profits fell to £184 million in the first six months of this year – down from £413 million the year before.

Sales of clothing and homeware fell sharply while click and collect was unavailable – but M&S said it had now "largely recovered" from the hack.

——-

Get more news at our site – https://www.channel4.com/news/

Subscribe to our Substack newsletter: https://channel4news.substack.com/subscribe

Follow us:
TikTok – https://www.tiktok.com/@c4news
Instagram – https://www.instagram.com/channel4news/
Twitter – https://twitter.com/Channel4News
Facebook – https://www.facebook.com/Channel4News/

Date: November 5, 2025