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Retail

Marks & Spencer eyes 500 locations for potential new stores

Marks & Spencer is ramping up its store expansion plans. The British department store giant has said it is eyeing 500 areas across the UK for potential new retail locations. The company is particularly looking to double the size of its Food business, with an overall plan targeting 180 full line stores and 420 Food stores. Large sites that have...

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Business

Cyber attack slashes M&S first half profit by 55.4 percent

British retailer Marks & Spencer (M&S) reported a sharp 55.4 percent decline in first-half underlying profit, a drop that directly reflects the profound impact of a cyber security breach in April. The attack forced M&S to suspend its online clothing orders for seven weeks and severely disrupted its e-commerce platform and backend systems, which...

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