Cartier Reports Some Customer Data Stolen in Cyberattack Luxury jewelry brand Cartier, owned by Richemont, recently made headlines after revealing that its website fell victim to a cyberattack. The renowned company disclosed that a certain amount of customer data had been compromised, sending shockwaves through its loyal clientele. While the extent of the breach is […]
Victoria’s Secret Says Cyber Incident Led to Temporary Website Shut Down
Victoria’s Secret Cyber Incident: What Happened and How Companies Can Learn from It Victoria’s Secret, the renowned sleepwear and undergarments brand, recently made headlines not for its lingerie, but for a cybersecurity incident that forced a temporary shutdown of its website. The company detected a security breach that led to days of website inaccessibility, leaving […]
China’s Temu and Shein Want to Crack Europe, But the US Is Too Big to Quit
China’s Temu and Shein Want to Crack Europe, But the US Is Too Big to Quit Chinese e-commerce giants, Temu and Shein, are setting their sights on expanding into the European market. This strategic move comes in response to the looming threat of potential US tariffs, prompting these companies to explore new territories and diversify […]
Coach’s Hit Handbag Shows How Less-Expensive Luxury Is Gaining Ground
Coach’s Hit Handbag Shows How Less-Expensive Luxury Is Gaining Ground In the ever-changing landscape of the fashion industry, one trend is becoming increasingly clear: the rise of masstige brands. While luxury labels and fast fashion giants are facing challenges, masstige brands like Coach are thriving, thanks to their ability to offer consumers a blend of […]
EU Warns Shein of Fines in Consumer Protection Probe
EU Cracks Down on Shein: Consumer Protection Probe Underway The fast-fashion industry has been under scrutiny for its practices, and Shein, a popular online retailer known for its trendy and affordable clothing, is the latest to come under the radar of the European Union. The EU has issued a warning to Shein, giving the company […]
Luxury Sector Faces More Gloom as Bain Cuts Sales Forecast
Luxury Sector Faces More Gloom as Bain Cuts Sales Forecast The luxury sector, known for its resilience in the face of economic downturns, is now experiencing a significant blow as consultancy Bain & Co slashes its sales forecast for the year. The renowned consultancy has predicted a global decline in luxury goods sales ranging from […]
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Next Shares Hit Record as UK Customers Splurge Ahead of Summer
Next Shares Hit Record as UK Customers Splurge Ahead of Summer The British fast-fashion giant, Next, is making headlines once again as its shares soar to record highs. The company recently announced a substantial increase in its outlook for the year, now reaching an impressive $1.4 billion. This news comes as UK customers are gearing […]
Cyber incident disrupts services at Marks & Spencer
Cyber Incident Disrupts Services at Marks & Spencer The Easter weekend should have been a time of celebration and increased sales for Marks & Spencer, but instead, it turned into a nightmare when a cyber incident disrupted their services. The retail giant faced challenges as both its click and collect service and payment systems were […]
High-End Department Store Retailer Saks Launches Amazon Storefront
Saks Fifth Avenue Expands Reach with Amazon Storefront Saks Fifth Avenue, the renowned high-end department store retailer, is making waves in the e-commerce world with its recent launch of an Amazon storefront. This strategic move allows the luxury retailer to reach a broader audience and offer its upscale products to online shoppers worldwide. One of […]