With Financing Push, Saks Global Looks to Buy Some Time Luxury retail giant Saks Global is making headlines once again, this time for securing a deal to infuse a staggering $500 million in new financing. This move comes as a strategic effort to stave off an imminent reckoning that has been looming over the brand […]
‘They Played Us’: Forever 21 Vendors Scorn Retailer’s Bankruptcy
‘They Played Us’: Forever 21 Vendors Scorn Retailer’s Bankruptcy Forever 21, once a powerhouse in the fast-fashion industry, has recently faced backlash from its vendors. The brand’s US operator is under fire for allegedly requesting significant discounts on orders from suppliers and then proceeding to accept deliveries shortly before filing for bankruptcy. This move has […]
NHS contractor fined after ransomware attack
NHS Contractor Faces Multimillion-Pound Fine Following Ransomware Attack In the ever-evolving landscape of cybersecurity threats, the recent ransomware attack on the National Health Service (NHS) in 2022 sent shockwaves through the healthcare industry. The attack, which was attributed to a tech vendor working with the NHS, not only disrupted critical services but also exposed serious […]
Shein Vendors Fear Thin Margins Will Vanish Under New USPS Rules
Shein Vendors Fear Thin Margins Will Vanish Under New USPS Rules The landscape of international e-commerce is facing a potential upheaval as the US Postal Service wavers on its treatment of inbound packages from China. This uncertainty is sending ripples of concern through vendors associated with popular Chinese e-commerce platforms like Shein and Temu. The […]
CISA Head Urges Accountability from Tech Vendors for Software Security Failures
In a stark call to action at Mandiant’s mWise conference, Jen Easterly, the head of the U.S. Cybersecurity and Infrastructure Security Agency (CISA), condemned technology vendors for a pervasive issue of delivering faulty and insecure software. Her remarks underscored a growing concern within the cybersecurity landscape, where the quality of software is crucial in the […]