M&S on-line services and products to stand disruption till July

Marks & Spencer has mentioned its on-line services and products will proceed to be disrupted till July because of closing month’s cyber-attack.

Customers were not able to reserve on-line for the previous 3 weeks.

“We expect online disruption to continue throughout June and into July as we restart, then ramp up operations,” the company mentioned.

M&S estimates that the cyber-attack will cut back earnings for the present yr through round £300m.

The company mentioned there was once extra paintings to be executed restoring techniques, operations and services and products over the following few months, however it was hoping to return out of the method “a much stronger business”.

The meals, clothes, and homewares chain reported a upward push in gross sales and earnings within the yr that resulted in March, simply sooner than the hack disrupted services and products on the finish of April.

Profit sooner than tax and adjusting pieces was once up 22% to £875m, whilst gross sales rose 6.1%.

M&S leader govt Stuart Machin mentioned the turnaround technique that he began 3 years in the past had put M&S in it “best financial health for nearly 30 years”.