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/