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After 46-Day Cyberattack Pause, British Retailer M&S Resumes Online Orders

Insurance Journal

British retailer Marks & Spencer resumed taking online orders for clothing lines on Tuesday after a 46-day hiatus following a cyberattack. Shares in M&S, one of the best-known names in British business, were up 3.5% after it restarted standard home …

Retail 89
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Private Credit’s Push for Retail Money Stokes New Vulnerability

Insurance Journal

Private credit’s rush to attract money from retail investors is making the sector more vulnerable to the kind of liquidity mismatches found in traditional lenders, the Bank for International Settlements warned in a report on Tuesday. Direct lenders usually provide …

Retail 78
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Apollo to Tap Rich, Retail Clients in Asia for Asset Growth

Insurance Journal

said high-net-worth clients and access to retail investors are the biggest opportunities in Asia for growth in the coming years. Apollo Global Management Inc. Australia’s superannuation system, which will be the world’s second-largest pension by 2030, and Japanese savers that …

Retail 79
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Co-op Is Latest British Retailer to Be Hit by Cyber Attack

Insurance Journal

Britain’s Co-op Group said on Wednesday hackers had attempted to break into its systems, the second high-profile cyber attack on a major UK retailer in as many weeks, following an ongoing incident at Marks & Spencer. The Co-op, which is …

Retail 63
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Customers Find Orders Blocked, Shelves Empty With Retail Cyberattacks on the Rise

Insurance Journal

A string of recent cyberattacks and data breaches involving the systems of major retailers have started affecting shoppers. United Natural Foods, a wholesale distributor that supplies Whole Foods and other grocers, said this week that a breach of its systems …

Retail 103
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Walmart, World’s Biggest Retailer, Will Curb Diversity Efforts

Insurance Journal

The world’s biggest retailer will no longer consider race and gender to boost diversity when … Walmart Inc. is reversing course on diversity, equity and inclusion initiatives, joining a growing list of businesses retreating on DEI programs targeted by conservative activists.

Retail 115
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New York State Mandates Panic Buttons for Large Retailers

Insurance Journal

New York Governor Kathy Hochul on Thursday signed a new law requiring retailers to boost safety protections for store workers, including requiring major chains to add panic buttons in all New York State locations. Unions representing retail workers had pushed …

Retail 102