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M&S online disruption a 'bruise' to reputation, analyst says

M&S online disruption a 'bruise' to reputation, analyst says

Summary

The well-known store, Marks & Spencer, had to stop taking online orders because of a cyber attack. Now, they're trying to fix the problem and start selling online again.

Key Facts

  • Marks & Spencer, a big store, recently had a cyber attack. A cyber attack is when someone breaks into a system or website on the computer.
  • Because of this attack, Marks & Spencer stopped taking orders on its website and apps.
  • About one-third of the stuff they sell, like clothes and household goods, are bought online.
  • Now, people are having trouble using contactless payments, click & collect, and gift cards, but Marks & Spencer is starting to fix these problems.
  • The store apologized for any trouble and is giving back the money for orders made on one particular Friday.
  • The online grocer, Ocado, sells Marks & Spencer food but is not having any problems because it uses a different system.
  • Some believe Marks & Spencer may lose money because people will start buying from other brands.
  • Last year, Marks & Spencer sold nearly £1.3bn of clothes and home goods online.
  • Marks & Spencer has reported the cyber attack to cyber security and crime agencies.
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