Marks and SpencerThe chief executive is optimistic that the recent “harmful” cyber attacks of retail giants “behind us will have most effects by August.
Breach, which stopped online orders and compromised customer data, was held responsible for “human error” And hopefully the company will cost around £ 300 million.
The high street giants were forced to suspend online operations in April after hackers targeted their system.
Stuart Machin estimates that the online operation of the M&S will run “completely” within the next four weeks, as the recovery efforts will continue.
Last month, the retailer started restoring online sales, allowing customers to get permission England, ScotlandAnd Wales to buy his popular fashion range and selection of new domestic products for delivery.
Owners told the annual general meeting of the firm London Click on Tuesday and collect and the next day the delivery operation has not returned yet, but should return within weeks.
Mr. Machin said: “Currently, half of the online is open, but there are no areas like click and collect. Within the next four weeks we are expecting to be completely completely.
“Then our focus will be back and running the Donington site.
“We are hoping that by August we will have a major part of it and people can see full M&S.”
chairman Archie Norman It was highlighted that the company is progressing to return the operation in general through its recovery program.
“New systems are returning every week,” he said.
“Hopefully in a few weeks we must have been lukewarm – we hope that we will return to complete operation very soon.”
Mr. Norman also said that any decline in financial performance due to cyber attack in this financial year can affect executive salary deals.
He said: “Its financial impact will be taken into consideration in relation to encouragement pay, but it is too early to say.
“We are planning to come back strong and want to go to gangbasters for the remaining year, but whatever impact on shareholders, which also comes through remuneration.”
The shareholders are voting on the group’s pay deal for the year for the year, with the overall pay packet jump of Mr. Machin from 39% to £ 7.1 million, operated by the performance bonus.
