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 […]
TikTok moves into Japanese E-commerce
TikTok Expands Reach into Japanese E-commerce Market As the uncertainty looms over the fate of TikTok in the United States due to the unresolved deal, the popular social media platform is strategically shifting its focus towards international expansion. With a keen eye on diversifying its user base and revenue streams, TikTok has set its sights […]
Puig Posts 8% Rise in First Quarter Sales
Puig’s Fragrance and Fashion Divisions Drive Growth Despite Makeup Business Losses Puig, the renowned Spanish conglomerate, has recently reported an impressive 8% increase in sales during the first quarter of 2025. This growth comes on the heels of a challenging period for the company, marked by losses in its makeup business. However, Puig managed to […]
Zegna Group Revenues Down 1% as Wholesale Struggles and DTC Grows
Zegna Group Revenues Down 1% as Wholesale Struggles and DTC Grows Italian luxury fashion house Zegna Group has recently reported a 1% decrease in revenues, reflecting the challenges faced by the wholesale sector while witnessing growth in Direct-to-Consumer (DTC) channels. This shift in revenue streams signifies a broader trend in the fashion industry as consumer […]
Hacker claims major WooCommerce data breach
Hacker Claims Major WooCommerce Data Breach In the ever-evolving landscape of online commerce, cybersecurity remains a top concern for businesses and consumers alike. Recently, a hacker made headlines by claiming responsibility for a major data breach involving WooCommerce, one of the most popular e-commerce platforms globally. The hacker reportedly accessed and exfiltrated over 4.4 million […]
Forever 21 Proposes to Give Major Lenders Maximum 3% Recovery
Forever 21 Proposes to Give Major Lenders Maximum 3% Recovery Forever 21, the well-known fast-fashion retailer, has been making headlines recently with its bankruptcy proceedings. In a recent court filing on Friday, the company’s bankrupt US arm revealed a bold proposal that has left many major lenders scratching their heads. The proposal suggests that lenders […]
TikTok Shop launches in France, Germany and Italy
TikTok Shop Expands to France, Germany, and Italy: A Game-Changer in EU E-Commerce The e-commerce landscape in the European Union is witnessing a significant shift with the introduction of TikTok Shop in France, Germany, and Italy. Despite facing mounting scrutiny and industry backlash, TikTok is making bold strides by integrating an in-app shopping feature, revolutionizing […]
Boohoo’s Name Changes to Debenhams Despite Frasers Group’s Vote Against
Boohoo’s Name Changes to Debenhams Despite Frasers Group’s Vote Against In a surprising turn of events, the online fashion retailer Boohoo has decided to go ahead with its planned name change to Debenhams, despite facing opposition from Frasers Group, the retail conglomerate owned by Mike Ashley. The contentious move comes in the midst of a […]
Saks Owner Hudson’s Bay to Begin Liquidating Most Stores on Monday
Saks Owner Hudson’s Bay Initiates Store Liquidation Process Amid Restructuring Efforts The retail industry has been facing unprecedented challenges in recent years, with the pandemic exacerbating the struggles of many traditional brick-and-mortar stores. The latest casualty in this evolving landscape is Hudson’s Bay, the owner of luxury department store Saks Fifth Avenue, which has been […]