M&S' Food Sales Growth Slows Again After Cyberattack, Says NielsenIQ
British retailer Marks & Spencer's food business saw sales growth slow further to 4.3% year-on-year over the 12 weeks to July 12, reflecting the disruption that followed a cyberattack in April, industry data showed on Wednesday.
Researcher NielsenIQ said M&S' grocery sales growth slowed from 9.1% in last month's report and 10.8% in the one before that. Its market share did, however, hold steady at 3.6%.
As part of its management of the cyberattack, M&S stopped taking online clothing orders and also...
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required. Password is required.