TheMarket launches in New Zealand and Tmall partners with New York Fashion Week. Get a healthy dose of news as we uncover the day’s top stories in e-commerce.
Sephora Suffers Data Breach
The makeup giant, Sephora, has fallen victim to a data breach. The customers in Sephora’s APAC region have been warned that their data may have been ‘exposed’ to an unauthorised third party, but assures that no credit card information was accessed. Customers in Australia, New Zealand, Thailand, Singapore, the Phillippines, Malaysia, Indonesia and Hong Kong have been affected. The makeup mogul assures customers that data such as date of birth, email addresses and passwords have not been compromised. In a report on data from Security in Depth, cyber-attacks have increased by 700 per cent since February 2018 and costs the Australian economy $7.8 billion.
Retail Sales Lift 0.4 Per Cent in June
After a slump in retail in early 2019, sales have jumped 0.4 per cent in June. According to ASB, retail turnover has seen a lift since May, which saw a rebound of 0.1 per cent. “The NRA welcome this rise in sales and are optimistic that these results signal a rejuvenation for retail in the remainder of 2019,” explained Dominique Lamb, the CEO of the National Retail Association. “June is a busy month for retail with End of Financial Year sales where retailers offered huge discounts on stock before June 30 arrived, which no doubt helped with this rise. Online retail is a popular method to shop during the End of Financial Year sales, this time contributing 6.1 per cent to the total retail turnover for June.”
TheMarket Launches in New Zealand
The Warehouse Group (TWG) has launched its new e-commerce marketplace in New Zealand – TheMarket. With a focus on customer experience, it stands as competition against ASOS and the Iconic. “TheMarket is unlike anything that currently exists in New Zealand,” explained TheMarket’s CEO, Justus Wilde. “It will give New Zealanders access to the world’s best local, international and niche brands, improving range, availability and delivery options in one place.” Read the full article about the launch here.
Tmall Partners with NYFW
A subsidiary of Alibaba, Tmall, is expanding into the global fashion sphere with its collaboration with NYFW, and teased partnerships with Paris and Milan fashion weeks. “In a joint partnership with NYFW: The Shows, Tmall will continue to champion talented brands and young designers in one of the most important fashion centres of the world,” explained Jessica Liu, the General Manager of Tmall Fashion and Luxury. “Chinese consumers are increasingly experimental and individualistic. They are driving this rising trend of ‘China Cool,’ [the name of Tmall’s NYFW effort this year] where designs are focused on emphasising authenticity and heritage. We are proud to support Chinese designers in their growth and contribution to new global trends.” This comes as the luxury handbag brand, Coach, has signed up with the B2C platform for the third time in four years. The original agreement fell through after a dispute over a counterfeit bag crackdown.
Paypal Introduces API Invoicing for E-Commerce Marketplace
Paypal has addressed the issue that SME’s are facing by introducing an invoicing API. The platform is easily integrated with existing management systems, allowing merchants to invoice globally at no cost, send reminders and manage payments in 25 currencies on crowdsourcing platforms and marketplaces.
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