E-retailers in the luxury sector once enjoyed a booming market, especially during the pandemic when online shopping spiked dramatically. However, as the world gradually returns to pre-pandemic norms, these platforms face numerous challenges that threaten their financial stability and market
In a landmark move aiming to elevate consumer trust and ensure the safety and quality of products sold online, major e-commerce retailers in the UAE, including Amazon, Noon, Lulu, Sharaf DG, Jacky’s, and platforms under the Al-Futtaim Group such as Ikea and Ace Hardware, have signed a ‘compliance
In recent years, the luxury e-commerce sector has been experiencing challenging times. Major players such as Matchesfashion, Farfetch, Net-A-Porter, and MyTheresa, once leading the digital transformation in high-end fashion retail, are now facing numerous obstacles. This article delves into the
On July 10, 2024, Bassett Furniture Industries uncovered a significant unauthorized breach within its information technology (IT) systems, initiating swift and robust responses to contain the threat. Bassett immediately shut down affected systems, activated their incident response plan, and began a
On July 19, 2024, an unprecedented outage of Microsoft’s Azure cloud service wreaked havoc across various critical sectors, causing notable disruptions in retail, banking, and media both in New Zealand and worldwide. The incident left many businesses scrambling to maintain operations and numerous
The recent liquidity crisis sparked by delayed payments from Singapore-based e-commerce platform Qoo10 to its affiliates, TMON and WeMakePrice, has caused a seismic disruption in South Korea's retail and travel sectors. This crisis has not only undermined consumer confidence but has also led to a
