Marks & Spencer’s sales slumped, while Next, Zara and H&M experienced pickup, analysts sayNext, Zara and H&M all benefited from extra sales when their rival Marks & Spencer was forced to halt orders on its website for almost seven weeks after a major cyber-attack that weighed on its own sales.Clothing sales at M&S slumped by a fifth in the four weeks to 25 May compared with the same period a year before after the website, which usually accounts for a third of M&S’s clothing and homeware sales, stopped taking orders. Sales had soared 11.5% in the prior three months, according to the latest figures from analysts at Kantar. <a href=”https://www.theguardian.com/business/2025/jun/23/m-and-s-fashion-rivals-benefited-from-its-pause-on-online-orders-after-cyber-attack”>Continue reading…
First seen on theguardian.com
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