Fraud Trends
2020 turned the fashion industry on its head, sending in-store revenues plummeting while ecommerce sales soared. A transition that would’ve taken years was completed in a matter of months, giving businesses that were already strong digital players a significant advantage. Those who were not, on the other hand, often struggled to accommodate the shopping boom … Continued
Riskified data show that high-end fashion merchants, department stores, and online marketplaces enjoyed a spike in transaction volume during Ramadan month in 2019, and even more so in 2020. Bolstered by the rapid shift online, the transaction volume processed by marketplaces between April 23 and May 23 of last year outpaced even the number of … Continued
The acceleration of ecommerce activity in 2020 has primed 2021 for real digital transformation. One of the sectors most fit for innovation is the fashion industry. Consumers enjoy the ability to try on clothes and accessories in store, and with lockdowns still persistent around the globe, fashion retailers will be challenged to make online shopping … Continued
To say that 2020 has not been a typical year is both an understatement and a cliché. The past eight months saw COVID-19 change nearly every aspect of our lives, from how we work and study, to our travel, to our social interactions. In retail terms, the pandemic upended consumer behaviors and priorities, making availability, … Continued
When COVID-19 forced us away from public spaces, eCommerce became a lifeline. Many baby boomers, previously steadfast in their preference for the in-store experience, had to quickly adapt to safely procure groceries and other necessities. As social isolation lingered, boomers grew more comfortable with online shopping. Now, having acquired the skill, it is likely that … Continued
