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Investing.com -- Marks & Spencer (OTC:MAKSY) posted a 6.7% year-on-year rise in food sales during the 12 weeks to Aug. 9, with growth recovering as the impact of an April cyberattack faded, industry data showed, Reuters reported on Wednesday.
According to researcher NielsenIQ, the retailer’s grocery sales growth picked up from 4.3% in the previous month’s report, while its market share remained unchanged at 3.7%.
The April cyberattack forced M&S to halt online clothing orders and shut down several systems, disrupting food availability and driving up waste and logistics expenses, the report said.
In May, the company estimated the incident would knock about 300 million pounds off its operating profit.
M&S resumed online clothing sales on June 10 after a 46-day suspension and reinstated click-and-collect services on Aug. 11, nearly four months after they were paused, the report said.
NielsenIQ’s data reflected similar trends reported by rival researcher Worldpanel earlier this week, flagging strong performances from online grocer Ocado (LON:OCDO), discount chain Lidl GB, and leading players Tesco (OTC:TSCDY) and Sainsbury’s. M&S was not part of Worldpanel’s dataset, the report added.