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Co-op says cyber-attack cost it £206m in lost sales
The Co-op has said the cyber-attack it suffered earlier this year cost it at least £206m in lost revenues. The retailer’s IT networks were infiltrated by hackers in April, resulted in payment problems, widespread shortages of goods in shops, and the loss of customer data. Co-op chair Debbie White said the “malicious” attack had caused…
Pay rise for 2.7 million people as minimum wage increase comes into force
But Spencer says his business is being squeezed from every angle – as well as minimum wage, he has had increases in business rates, national insurance, and statutory sick pay. He also expects energy bills to go up because of the war in the Middle East.
Late shopper rush drives Boxing Day sale traffic
An evening surge in shoppers keen on Boxing Day bargains drove a decade-high increase in footfall for the annual sales, figures suggest. It was up by 4.4% across all UK retail destinations including high streets and shopping centres compared to the same day last year, according to data from MRI Software. Footfall also remained strong…
