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Marks & Spencer news and archive

Retail

TikTok Shop records its highest sales day in the UK for Black Friday

On Black Friday, November 28, TikTok Shop sold 27 items every second and recorded its highest sales on the platform in the UK to date, surpassing last year’s record-breaking performance by 50 percent across the full Black Friday/Cyber Monday period, from Friday, November 21, to Monday, December 1. The peak of the activity was Black Friday...

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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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