M&S cyberattack to wipe out nearly one-third of annual profits
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 21 2025
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Source: CNBC
Impact of Cyberattack on Marks & Spencer: A recent cyberattack has severely affected British retailer Marks & Spencer, leading to an estimated £300 million loss in operating profit for the year and causing significant disruptions to online sales.
Response and Future Plans: The company plans to accelerate its technology transformation program as a response to the attack, while also acknowledging that the incident was due to "human error" and has raised concerns about ongoing cyber threats in the retail industry.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
