Luxury fashion brand Moncler has released a further update regarding a major malware attack that caused its IT system to crash in December. In a release, it has said the company has now received a ransom demand which it has rejected, believing the request is in regards to its “founding principles”. It has further confirmed that stolen...
20 Jan 2022
The Challenge Streamline a complicated shipping process across multiple platforms for an ever-growing company. The Solution Integrate several marketplaces into one easy-to-use software, so the company has more time to devote to the craft. Alice Rivers Cripps, CEO and founder of jewellery company Posh Totty Designs, is spinning a childhood insult...
Yoox, a division of Yoox Net-a-porter, has announced the launch of its Marketplace in Europe, offering customers access to a wider assortment of products and providing brand partners with more flexible operations. The Marketplace will be home to over 700 brands across ready-to-wear, accessories and footwear, and will be available to nearly 30...
Hunkemöller is set to bring its popular lingerie brand to the US, with the launch of an American webshop that will allow the new market access to its full collection. The company, which currently operates around 900 stores and 15 e-commerce sites across 20 countries, is aiming to bring its message of diversity and sustainability to the US...
14 Jan 2022
The British Independent Retailers Association (Bira) has launched a new platform that hopes to aid independent retailers in their pandemic recovery. Set to launch for customers in February 2022, Neartoo will act as a national trading platform to provide retailers with a new way of selling online, with the goal of helping them to build their...
12 Jan 2022
The owners of shoe manufacturer Hotter have announced plans to transition from the Electra Private Equity PLC to Unbound Group PLC. The name change is expected to be implemented in early 2022, after it was approved by shareholders in a meeting on December 30, 2021. Additionally, Electra’s delisting from the FTSE Main Market and the admission to...
10 Jan 2022
Consumer watchdog Which has called for more vigorous precautions to be in place regarding Buy Not Pay Later (BNPL) options, as new research by the firm revealed consumers are unaware of the debt risks associated with the product. The payment method’s popularity has skyrocketed in recent years, providing consumers with an alternative, flexible...
6 Jan 2022
The coronavirus pandemic has posed many challenges for both online and brick-and-mortar retailers alike, but managing the impending extended and potentially excessive holiday returns season will likely be a challenge that continues well beyond a virus’s temporary turmoil. This could be a chance for the retail sector to prioritize an often...
3 Jan 2022
A new report by Research and Markets has found that more than half of the global retail growth is projected to come from online sales between 2020 and 2025, as the global fashion market continues to shift towards the digital as covid-19 persists. The platform’s annual Global Clothing B2C E-Commerce Market report further added that around 10...
Italian fashion brand Moncler has released an update following a malware attack that caused a temporary outage of its IT services, which occurred the day before Christmas Eve. Though physical stores and e-commerce were able to continue operating, the brand did say at the time that the outage impacted the operations of its logistics centres and...
In most European countries, fashion and apparel was the main product segment for online shopping in 2020, according to the annual Europe Clothing B2C E-Commerce Market 2021 by Research and Markets. When it came to online shopping in most European countries, consumer choices focused on the fashion and apparel sector. In the United Kingdom,...
31 Dec 2021
Italian luxury house Moncler has announced it experienced a malware attack that caused a temporary outage. In a brief statement, the brand said the issue was “promptly managed” after the company’s security systems “immediately identified the attack”. It further stated its IT department was able to stop the spread, resulting in its IT service...
24 Dec 2021
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