Marks & Spencer

The attack forced its online clothing operation offline, left some food shelves bare, and wiped over a billion pounds from the company’s stock market value.

Britain's M&S says cyberattack to cost US$400 million

The attack on one of the biggest names in Britain, with 64,000 staff and 565 stores, sent shockwaves through the retail sector

British companies, public bodies and institutions have been hit by a wave of cyberattacks in recent years, costing them tens of millions of pounds and often months of disruption.

Companies & Markets

Cyberattacks blight Britain's retailers as M&S, Co-op's systems' breached

[LONDON] Britain’s Marks & Spencer (M&S) entered a second week unable to take online orders on Friday (May 2) following a major cyberattack, while food retailer the Co-op Group said hackers had stolen...

Marks & Spencer flagship store on Oxford Street, London. The retailer wants to replace it with a new development that is crucial to the site’s survival.

Property

Marks & Spencer wins battle to demolish flagship London store

M&S won a legal challenge against the government earlier this year and Labour has not obstructed the development

Analysts currently expect pre-tax profit for the full year before adjusting items to come in at £663 million (S$1.12 billion), up from £482 million in 2022/23.

Companies & Markets

M&S claims Christmas trading crown as food and clothing beat forecasts

British retailer Marks & Spencer on Thursday (Jan 11) reported a better-than-expected 8.1 per cent rise in like-for-like sales over the Christmas trading period, driven by market-leading growth in foo...

Marks & Spencer warned that the economic outlook remained uncertain and flagged the impact on the consumer from the highest interest rates in 20 years, geopolitical events, and erratic weather.

Companies & Markets

UK's M&S cautious on 2024 outlook after H1 profit beats expectations

British retailer Marks & Spencer reported a much better-than-expected 75 per cent rise in first-half profit and restored its dividend but cautioned the combination of high borrowing costs, erratic wea...

M&S is Britain’s fastest-growing food retailer after discounters Aldi and Lidl.

Companies & Markets

M&S food makes good start to new financial year, says boss

BRITISH retailer Marks & Spencer’s food business has made “a good start” to its 2023-24 financial year, the group’s boss told investors on Tuesday (Jul 4).

M&S cut the price of 70 staple products, such as beef mince, Greek style yoghurt, salmon fillets, chickpeas and tortilla wraps, by between 3 per cent and 25 per cent.

International

Britain's M&S the latest supermarket to cut prices

Marks & Spencer on Monday (Jun 19) became the latest supermarket group in Britain to cut food prices, adding to signs that a surge in inflation is set to abate.

M&S said in a statement that it would open 20 new large stores across the UK.

Companies & Markets

Marks and Spencer plans 3,400 new jobs after Covid axe

BRITISH food-to-clothing retailer Marks and Spencer (M&S) on Monday (Jan 16) announced plans for more than 3,400 new jobs thanks to store openings, following sizeable shop closures and job losses duri...

Marks & Spencer said the investment would generate over 3,400 new jobs across the United Kingdom.

Companies & Markets

Britain's M&S to invest US$587m in store estate

British clothing and food retailer Marks & Spencer said on Monday (Jan 16) it plans to open 20 new bigger stores in its 2023-24 financial year as part of a US$587 million investment in its store estat...

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