Online news and archive

Strong Customer Authentication comes into force across UK retail

New customer identification steps are being introduced in the UK on Monday in a bid to combat online fraud. New Strong Customer Authentication (SCA) requirements mean shoppers face more identity verification checks when making online purchases using their debit or credit cards. To comply, consumers will have to confirm two of three “factors”:...

Video

Video: Digital Landgrab | The State of Fashion 2019

The e-commerce war will continue, as digital players strive to become the platform of choice for both consumers and fashion companies. Source: Youtube, BoF, McKinsey

Retail

H&M launches dedicated store on Tmall

The H&M Group is turning its focus on increasing its online presence after failing to reach its expected sales target for the end of January. Analysts noted that H&M late response to the shift to online sales may have affected its overall sales, which is why H&M has teamed up with Tmall, China’s leading e-commerce platform to launch a dedicated...

Apparel

Monday busiest online shopping day ever

Online Christmas shopping is set to soar, and £1.4 million was spent online on Monday at 13:43 in just one minute. The busiest minute for online retail sales saw a 61% like-for-like increase on last year. Between 13:00 and 14:00 retail sales peaked at £33 million, an increase of 21%. The busiest online shopping day ever, is forecasted to end on...