Retail payment security “very bad”, risking massive fines under new legislation
Retail has been highlighted as the worst industry in terms of payment security, failing to protect systems from hacking threats with nearly half of all companies failing to meet industry requirements.
80% of back-end retail jobs will be lost to automation
Eighty per cent of retail jobs not involving direct customer interaction will be lost to robots according to a new report.
2 million customer accounts hacked at CEX
Second hand technology giant CEX has revealed that over two million customer’s accounts have been illegally hacked from its database.
Dixons Carphone chairman snaps £100,000 in shares as prices plummett
Dixons Carphone’s chairman Ian Livingston has significantly increased his stake in the company, capitalising on its low share prices.
Nearly half of shoppers in the UK would walk away from non-cash store
Retailers without digital payment facilities face the risk of losing nearly half their customers as non-cash payments continue to rise in popularity.
Dixons Carphone issues profit warning as cost of mobile phones soar
Dixons Carphone has issued a profit warning in its first quarter update as sales of mobile phones decline thanks to rising prices incurred from the Brexit-induced collapse of the pound.
Maplin trials Game concession pilots
Video game retailer Game has announced plans to pilot concessions within the stores of electronics retailer Maplin.
Initially in four Maplin stores only, the shop-in-shop...
Intu to roll out pilot VR experience in 3 shopping centres
Intu is set to roll out a trial paid-for VR experience across its three of its shopping centres, allowing shoppers to interact with characters from The Emoji Movie.
The Hut Group valued at £2.5bn in latest funding push
Online retail giant The Hut Group has penned a deal to sell a £125 million stake, bringing its value to £2.5 billion.
Number of cyber-attacks on retailers doubled last year
A new report has revealed that cyber-attacks against retailers have seen an unprecedented rise as hackers attempt to steal the “goldmine of personal data
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