M&S shares climbed on Tuesday (10 June) after the retailer reopened its website more than six weeks following a cyberattack that forced a near two-month halt to online sales.
The group has resumed home delivery of a selection of its best-selling fashion ranges across England, Scotland, and Wales, with plans to add more fashion, home, and beauty products daily. Click and collect, next-day delivery, nominated-day delivery, and international shipping services are also expected to restart in the coming weeks. The overall cost of the disruption could reach £300m in group operating profit, though the retailer expects to mitigate roughly half through cost management, insurance, and other trading actions.
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Source: Retail Gazette News
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