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Retail|In Pictures

M&S opens “renewal” flagship store at Merry Hill

British retailer Marks & Spencer has opened its latest “renewel” store concept at Merry Hill, one of the top 10 retail and leisure destinations in the UK, located in the West Midlands. The 100,000 square foot flagship marks one of M&S’s major investments in its retail network this year, and has brought together two existing units into one...

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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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