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Online retailers could lose £5.9 billion through cyberattacks

The UK e-commerce sector could lose £5.9 billion through severe data breaches each year, new research reveals. 43 percent of businesses have experienced a cybersecurity breach or attack over the last 12 months, and can lose up to 7.27 percent...

IKEA’s acquires AR start-up to give a store-like shopping experience to consumers

IKEA has acquired augmented reality (AR) start-up Geomagical Labs. Commenting on the same, Wafaa Hassan, Analyst at GlobalData said, “As one of the early investors of AR, IKEA’s acquisition of Geomagical Labs gives its customers the opportunity to see how...

IKEA continues to lead the way in sustainability rankings, says GlobalData

Consumers in the UK believe product sustainability to be more important when buying items for the home than when purchasing anything else, says GlobalData Emily Stella, Lead Analyst at GlobalData, comments: “Home shoppers score general merchandise retailers M&S and John...

John Lewis launches concierge style shopping experience

On Tuesday, John Lewis has launched a concierge-style shopping service as part of wider plans to reinvent its department stores. The initiative has been introduced at its new store in Oxford. Around one fifth of the floor space of the...

Jabong has been Named India’s first Company to Achieve Ethical Trading Initiative (ETI) Foundation Membership

Jabong has been named India’s first company to achieve Ethical Trading Initiative (ETI) Foundation Membership. The ETI is a global alliance of companies, trade unions and NGOs that promote ‘freedom, security and equity’ in their supplier companies. Its members...

Waitrose includes fashion in offer

Waitrose moves into fashion for the first time and it reveals a new format store that combines food, home and fashion. The flagship store is due to open in London’s Canary Wharf in September. The grocer could not confirm...

Debenhams bucks gloom with sales rise

Debenhams , Britain's No. 2 department store group, said it would meet forecasts for year profit as it bucked the general doom and gloom in the retail sector with a rise in second-half sales. The firm, which trades from...

Waitrose raises sights on convenience shops

Upmarket British grocer Waitrose is raising its sights on the number of convenience stores it expects to have by the end of this decade following strong results from early openings, its managing director said.Mark Price told the Reuters Consumer...

UK retailer goes online in Ireland

IT STARTED last week with a rug and a tablecloth sold to a customer in Dublin, but British department store retailer John Lewis is hoping its online sales into Ireland will grow into a multimillion-euro business.John Lewis began selling...

Waitrose to expand in Scotland

Supermarket chain Waitrose will open its fourth store in Scotland at Newton Mearns, a small suburban town in East Renfrewshire, in May this year. In Scotland, Waitrose, part of the John Lewis Partnership, works with a wide range of...
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