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Marks & Spencer news and archive

Retail

Marks & Spencer becomes first UK brand to join Circulose as scaling partner

British department store Marks & Spencer has become the first UK Scaling Partner of Circulose, a deal that will see the retailer integrate the firm’s next-generation material into select products. The partnership builds on efforts by Marks & Spencer to reduce its reliance on virgin fibres and accelerate its implementation of circular design...

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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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