Episode
M&S Rebounds After Cyber Blow | Business and Finance News
- Published
- Jul 6, 2026
- Duration seconds
- 94
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Summary
Marks & Spencer’s CEO says a brutal cyberattack last year, which tanked online sales and drove customers to rivals like Next, actually sparked a strategic reset—and profits are poised to rebound this year. Despite a 24% profit plunge to £671 million and fashion/beauty slumps, overall sales edged up 2% to £14.2 billion. Shareholders at the AGM will also scrutinize Ocado Retail, where M&S’s product lineup helped sales but faces headwinds as shoppers return to physical supermarkets. Analysts are watching closely for signs of momentum in food, fashion, and home divisions—and whether M&S can recover fast enough from the digital disruption amid shifting consumer habits. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/654292f83dc93e1d